Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 1-Year High – Time to Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $37.62 and last traded at $37.5950, with a volume of 115294 shares traded. The stock had previously closed at $37.30.

Schwab 1000 Index ETF Stock Up 0.5%

The company’s fifty day moving average price is $36.88 and its 200 day moving average price is $35.50. The company has a market capitalization of $5.85 billion, a P/E ratio of 25.42 and a beta of 1.01.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heartwood Wealth Advisors LLC acquired a new position in Schwab 1000 Index ETF during the third quarter valued at approximately $726,000. Collective Family Office LLC bought a new position in shares of Schwab 1000 Index ETF in the 3rd quarter valued at $887,000. Versant Capital Management Inc acquired a new position in shares of Schwab 1000 Index ETF during the 3rd quarter worth $3,450,000. Gemmer Asset Management LLC raised its holdings in shares of Schwab 1000 Index ETF by 3.0% during the 2nd quarter. Gemmer Asset Management LLC now owns 41,222 shares of the company’s stock worth $1,486,000 after buying an additional 1,200 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. bought a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter worth $203,000.

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.