Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 52-Week High at $50.77

Schwab 1000 Index ETF (NYSEARCA:SCHK) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $50.77 and last traded at $50.67, with a volume of 173707 shares. The stock had previously closed at $50.62.

Schwab 1000 Index ETF Price Performance

The company has a market cap of $3.41 billion, a P/E ratio of 18.03 and a beta of 1.02. The stock’s 50-day moving average is $48.64 and its two-hundred day moving average is $45.16.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Schwab 1000 Index ETF by 51.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,707 shares of the company’s stock worth $295,000 after purchasing an additional 2,286 shares in the last quarter. Mariner LLC lifted its holdings in shares of Schwab 1000 Index ETF by 222.4% in the 1st quarter. Mariner LLC now owns 51,992 shares of the company’s stock worth $2,289,000 after acquiring an additional 35,867 shares during the last quarter. KCM Investment Advisors LLC lifted its holdings in shares of Schwab 1000 Index ETF by 11.6% in the 1st quarter. KCM Investment Advisors LLC now owns 5,418 shares of the company’s stock worth $239,000 after acquiring an additional 562 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Schwab 1000 Index ETF in the 1st quarter worth about $528,000. Finally, Captrust Financial Advisors lifted its holdings in Schwab 1000 Index ETF by 47.8% during the 1st quarter. Captrust Financial Advisors now owns 6,544 shares of the company’s stock valued at $288,000 after buying an additional 2,115 shares in the last quarter.

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.