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 trading on Thursday . The stock traded as high as $50.77 and last traded at $50.67, with a volume of 173707 shares traded. The stock had previously closed at $50.62.

Schwab 1000 Index ETF Stock Performance

The company has a 50-day simple moving average of $48.64 and a 200 day simple moving average of $45.16. The company has a market capitalization of $3.41 billion, a P/E ratio of 18.03 and a beta of 1.02.

Institutional Trading of Schwab 1000 Index ETF

Several institutional investors have recently modified their holdings of the company. Ronald Blue Trust Inc. bought a new stake in Schwab 1000 Index ETF in the third quarter valued at about $34,000. Harbour Investments Inc. increased its holdings in Schwab 1000 Index ETF by 82.9% in the fourth quarter. Harbour Investments Inc. now owns 772 shares of the company’s stock valued at $36,000 after purchasing an additional 350 shares during the last quarter. Private Ocean LLC increased its holdings in Schwab 1000 Index ETF by 73.4% in the fourth quarter. Private Ocean LLC now owns 796 shares of the company’s stock valued at $37,000 after purchasing an additional 337 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Schwab 1000 Index ETF in the fourth quarter valued at about $43,000. Finally, Resurgent Financial Advisors LLC bought a new stake in Schwab 1000 Index ETF in the fourth quarter valued at about $54,000.

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.