Lafayette Investments Inc. Invests $610,000 in Schwab 1000 Index ETF $SCHK

Lafayette Investments Inc. acquired a new stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 19,461 shares of the company’s stock, valued at approximately $610,000.

A number of other hedge funds also recently made changes to their positions in SCHK. Charles Schwab Investment Management Inc. grew its position in Schwab 1000 Index ETF by 119.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,477,532 shares of the company’s stock worth $114,063,000 after acquiring an additional 1,889,418 shares in the last quarter. Creative Planning increased its stake in Schwab 1000 Index ETF by 1.3% in the third quarter. Creative Planning now owns 3,133,039 shares of the company’s stock valued at $100,633,000 after acquiring an additional 40,837 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in Schwab 1000 Index ETF by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 2,526,887 shares of the company’s stock valued at $82,882,000 after purchasing an additional 97,075 shares in the last quarter. Waddell & Associates LLC raised its position in Schwab 1000 Index ETF by 1.0% during the fourth quarter. Waddell & Associates LLC now owns 2,071,165 shares of the company’s stock valued at $67,934,000 after purchasing an additional 20,815 shares in the last quarter. Finally, Plum Street Advisors LLC lifted its stake in Schwab 1000 Index ETF by 2.1% during the fourth quarter. Plum Street Advisors LLC now owns 696,130 shares of the company’s stock worth $22,833,000 after purchasing an additional 14,041 shares during the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of SCHK stock opened at $35.97 on Friday. The business has a 50-day moving average price of $35.61 and a two-hundred day moving average price of $33.79. Schwab 1000 Index ETF has a 12-month low of $29.83 and a 12-month high of $36.63. The firm has a market cap of $5.67 billion, a P/E ratio of 25.42 and a beta of 1.01.

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.