Richardson Capital Management LLC Cuts Stock Position in Schwab 1000 Index ETF $SCHK

Richardson Capital Management LLC lowered its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 18.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,794 shares of the company’s stock after selling 16,251 shares during the period. Schwab 1000 Index ETF accounts for 1.1% of Richardson Capital Management LLC’s holdings, making the stock its 10th biggest position. Richardson Capital Management LLC’s holdings in Schwab 1000 Index ETF were worth $2,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Schwab 1000 Index ETF in the third quarter valued at approximately $32,000. Sound Income Strategies LLC boosted its holdings in Schwab 1000 Index ETF by 49.2% in the 2nd quarter. Sound Income Strategies LLC now owns 1,498 shares of the company’s stock valued at $45,000 after purchasing an additional 494 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Schwab 1000 Index ETF during the second quarter worth approximately $85,000. AlphaCore Capital LLC grew its position in Schwab 1000 Index ETF by 15.6% during the second quarter. AlphaCore Capital LLC now owns 3,696 shares of the company’s stock worth $110,000 after buying an additional 500 shares in the last quarter. Finally, AE Wealth Management LLC increased its position in shares of Schwab 1000 Index ETF by 753.3% in the second quarter. AE Wealth Management LLC now owns 4,096 shares of the company’s stock worth $122,000 after purchasing an additional 3,616 shares during the period.

Schwab 1000 Index ETF Trading Down 0.1%

Shares of NYSEARCA:SCHK opened at $33.23 on Monday. The firm has a 50 day moving average of $32.86 and a 200-day moving average of $32.01. The stock has a market capitalization of $4.95 billion, a PE ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a 12 month low of $23.18 and a 12 month high of $33.56.

Schwab 1000 Index ETF 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.