SouthState Bank Corp Reduces Stake in Schwab 1000 Index ETF $SCHK

SouthState Bank Corp decreased its holdings in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 75.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,750 shares of the company’s stock after selling 26,462 shares during the quarter. SouthState Bank Corp’s holdings in Schwab 1000 Index ETF were worth $281,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Uptick Partners LLC acquired a new position in shares of Schwab 1000 Index ETF in the 3rd quarter valued at $210,000. Welch & Forbes LLC acquired a new position in Schwab 1000 Index ETF in the third quarter valued at $209,000. Y Intercept Hong Kong Ltd increased its position in shares of Schwab 1000 Index ETF by 108.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 57,668 shares of the company’s stock worth $1,852,000 after purchasing an additional 30,043 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Schwab 1000 Index ETF by 8.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 146,452 shares of the company’s stock valued at $4,725,000 after purchasing an additional 11,972 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Schwab 1000 Index ETF during the 3rd quarter worth approximately $32,000.

Schwab 1000 Index ETF Trading Up 2.1%

Shares of NYSEARCA SCHK opened at $33.28 on Friday. The stock has a market cap of $4.98 billion, a P/E ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a twelve month low of $23.18 and a twelve month high of $33.62. The stock has a 50 day moving average of $33.08 and a two-hundred day moving average of $32.20.

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.