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

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.91 and last traded at $34.85, with a volume of 346874 shares trading hands. The stock had previously closed at $34.57.

Schwab 1000 Index ETF Price Performance

The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. The firm’s fifty day moving average is $32.73 and its 200-day moving average is $32.81.

Institutional Trading of Schwab 1000 Index ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Archer Investment Corp acquired a new stake in shares of Schwab 1000 Index ETF during the first quarter worth $26,000. Lodestone Wealth Management LLC acquired a new stake in shares of Schwab 1000 Index ETF during the fourth quarter worth $28,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Schwab 1000 Index ETF during the fourth quarter worth $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Schwab 1000 Index ETF during the third quarter worth $32,000. Finally, Dorato Capital Management acquired a new stake in shares of Schwab 1000 Index ETF during the fourth quarter worth $40,000.

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.