Schwab 1000 Index ETF (NYSEARCA:SCHK) Stock Price Up 1.2% – Time to Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) traded up 1.2% during mid-day trading on Tuesday . The stock traded as high as $27.84 and last traded at $27.83. 199,944 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 442,946 shares. The stock had previously closed at $27.50.

Schwab 1000 Index ETF Price Performance

The company has a market capitalization of $1.89 billion, a P/E ratio of 26.06 and a beta of 1.02. The company has a 50 day moving average of $27.41 and a 200-day moving average of $26.39.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC raised its stake in Schwab 1000 Index ETF by 115.4% in the first quarter. Cetera Advisors LLC now owns 28,725 shares of the company’s stock worth $1,456,000 after buying an additional 15,390 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Schwab 1000 Index ETF by 97.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,600 shares of the company’s stock valued at $1,183,000 after purchasing an additional 11,157 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of Schwab 1000 Index ETF by 6.8% during the second quarter. Johnson Investment Counsel Inc. now owns 12,141 shares of the company’s stock valued at $635,000 after purchasing an additional 773 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Schwab 1000 Index ETF in the second quarter worth $734,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Schwab 1000 Index ETF by 3.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,951 shares of the company’s stock worth $468,000 after purchasing an additional 291 shares during the period.

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.