JNBA Financial Advisors purchased a new position in Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 533,763 shares of the company’s stock, valued at approximately $19,247,000. Schwab 1000 Index ETF comprises about 1.0% of JNBA Financial Advisors’ portfolio, making the stock its 16th biggest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Schwab 1000 Index ETF by 20.6% during the 1st quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock worth $245,000 after purchasing an additional 1,556 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Schwab 1000 Index ETF during the first quarter worth $232,000. Goldman Sachs Group Inc. purchased a new position in Schwab 1000 Index ETF in the first quarter valued at $629,000. Jane Street Group LLC purchased a new position in Schwab 1000 Index ETF in the first quarter valued at $2,157,000. Finally, JPMorgan Chase & Co. raised its stake in Schwab 1000 Index ETF by 50.8% in the second quarter. JPMorgan Chase & Co. now owns 17,110 shares of the company’s stock valued at $510,000 after buying an additional 5,766 shares in the last quarter.
Schwab 1000 Index ETF Price Performance
Shares of NYSEARCA SCHK opened at $36.79 on Friday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. The business has a 50-day moving average of $36.27 and a two-hundred day moving average of $34.59. Schwab 1000 Index ETF has a 1 year low of $30.30 and a 1 year high of $37.62.
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.
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