Schwab 1000 Index ETF (NYSEARCA:SCHK) Shares Scheduled to Split on Friday, October 11th

Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) are going to split on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 10th.

Schwab 1000 Index ETF Price Performance

Shares of SCHK opened at $55.20 on Monday. The company has a market capitalization of $3.75 billion, a PE ratio of 26.06 and a beta of 1.02. Schwab 1000 Index ETF has a one year low of $39.41 and a one year high of $55.30. The company’s fifty day moving average price is $53.39 and its 200 day moving average price is $51.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC increased its holdings in shares of Schwab 1000 Index ETF by 115.4% during the 1st quarter. Cetera Advisors LLC now owns 28,725 shares of the company’s stock worth $1,456,000 after purchasing an additional 15,390 shares during the period. Commonwealth Equity Services LLC increased its stake in Schwab 1000 Index ETF by 97.5% in the second quarter. Commonwealth Equity Services LLC now owns 22,600 shares of the company’s stock valued at $1,183,000 after acquiring an additional 11,157 shares during the period. Johnson Investment Counsel Inc. increased its stake in Schwab 1000 Index ETF by 6.8% in the second quarter. Johnson Investment Counsel Inc. now owns 12,141 shares of the company’s stock valued at $635,000 after acquiring an additional 773 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Schwab 1000 Index ETF in the second quarter valued at about $734,000. Finally, Guardian Wealth Advisors LLC NC increased its stake in Schwab 1000 Index ETF by 76.4% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 26,154 shares of the company’s stock valued at $1,205,000 after acquiring an additional 11,324 shares during the period.

About Schwab 1000 Index ETF

The Schwab 1000 Index ETF (SCHK) is an exchange-traded fund that is based on the S&P Schwab 1000 index, a proprietary market-cap-weighted index that includes 1,000 of the largest US-listed stocks. SCHK was launched on Oct 11, 2017 and is managed by Charles Schwab.