Sequoia Financial Advisors LLC Takes Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Sequoia Financial Advisors LLC bought a new stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) in the fourth quarter, HoldingsChannel.com reports. The firm bought 7,719 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors also recently modified their holdings of the business. Warwick Investment Management Inc. boosted its position in shares of Schwab 1000 Index ETF by 109.2% in the fourth quarter. Warwick Investment Management Inc. now owns 4,387,948 shares of the company’s stock valued at $124,223,000 after acquiring an additional 2,290,163 shares during the period. HighTower Advisors LLC lifted its position in Schwab 1000 Index ETF by 87.0% during the fourth quarter. HighTower Advisors LLC now owns 10,497 shares of the company’s stock worth $297,000 after purchasing an additional 4,883 shares during the period. Johnson Investment Counsel Inc. lifted its position in Schwab 1000 Index ETF by 114.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 25,722 shares of the company’s stock worth $728,000 after purchasing an additional 13,727 shares during the period. Blake Schutter Theil Wealth Advisors LLC lifted its position in Schwab 1000 Index ETF by 100.0% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 621,234 shares of the company’s stock worth $17,587,000 after purchasing an additional 310,617 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its position in Schwab 1000 Index ETF by 99.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 13,954 shares of the company’s stock worth $395,000 after purchasing an additional 6,957 shares during the period.

Schwab 1000 Index ETF Stock Down 0.3 %

SCHK opened at $27.25 on Friday. Schwab 1000 Index ETF has a twelve month low of $23.86 and a twelve month high of $29.65. The company has a 50-day simple moving average of $28.57 and a 200 day simple moving average of $28.30. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 24.25 and a beta of 1.04.

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.