Schwab 1000 Index ETF (NYSEARCA:SCHK) Trading Up 0.6% – Should You Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price rose 0.6% during trading on Monday . The stock traded as high as $28.75 and last traded at $28.73. Approximately 526,226 shares changed hands during trading, an increase of 18% from the average daily volume of 447,756 shares. The stock had previously closed at $28.55.

Schwab 1000 Index ETF Stock Performance

The stock has a fifty day simple moving average of $28.64 and a two-hundred day simple moving average of $27.36. The stock has a market cap of $1.97 billion, a PE ratio of 26.06 and a beta of 1.02.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Schwab 1000 Index ETF during the second quarter worth about $28,000. Rothschild Investment LLC acquired a new position in shares of Schwab 1000 Index ETF in the 2nd quarter valued at approximately $128,000. Commonwealth Equity Services LLC raised its holdings 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 in the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Schwab 1000 Index ETF by 9.4% in the 2nd quarter. Aptus Capital Advisors LLC now owns 37,403 shares of the company’s stock valued at $1,957,000 after purchasing an additional 3,203 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Schwab 1000 Index ETF during the second quarter valued at approximately $202,000.

Schwab 1000 Index ETF Company Profile

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.