Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 52-Week High – What’s Next?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares hit a new 52-week high on Thursday . The stock traded as high as $37.48 and last traded at $37.47, with a volume of 29264 shares trading hands. The stock had previously closed at $37.31.

Schwab 1000 Index ETF Trading Up 0.4%

The business has a 50 day simple moving average of $36.07 and a two-hundred day simple moving average of $34.43. The company has a market cap of $5.95 billion, a PE ratio of 25.42 and a beta of 1.01.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Large investors have recently added to or reduced their stakes in the business. Archer Investment Corp purchased a new stake in Schwab 1000 Index ETF in the 1st quarter valued at about $26,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Schwab 1000 Index ETF in the fourth quarter worth approximately $31,000. Garner Asset Management Corp acquired a new stake in shares of Schwab 1000 Index ETF in the fourth quarter worth approximately $44,000. Sound Income Strategies LLC grew its holdings in Schwab 1000 Index ETF by 53.8% in the first quarter. Sound Income Strategies LLC now owns 2,009 shares of the company’s stock valued at $63,000 after purchasing an additional 703 shares during the period. Finally, Angeles Wealth Management LLC acquired a new position in Schwab 1000 Index ETF during the first quarter worth approximately $63,000.

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.