Cornerstone Advisors Asset Management LLC lifted its stake in Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report) by 32.9% during the first quarter, Holdings Channel reports. The fund owned 258,167 shares of the company’s stock after acquiring an additional 63,859 shares during the quarter. Schwab 1000 Index ETF accounts for 1.2% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 19th largest position. Cornerstone Advisors Asset Management LLC’s holdings in Schwab 1000 Index ETF were worth $8,088,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHK. Archer Investment Corp bought a new stake in Schwab 1000 Index ETF during the 1st quarter valued at approximately $26,000. Lodestone Wealth Management LLC bought a new position in Schwab 1000 Index ETF in the 4th quarter worth approximately $28,000. Atlas Capital Advisors Inc. bought a new position in Schwab 1000 Index ETF in the 4th quarter worth approximately $31,000. Dorato Capital Management acquired a new position in shares of Schwab 1000 Index ETF during the fourth quarter worth approximately $40,000. Finally, Garner Asset Management Corp acquired a new position in shares of Schwab 1000 Index ETF during the fourth quarter worth approximately $44,000.
Schwab 1000 Index ETF Price Performance
Shares of Schwab 1000 Index ETF stock opened at $35.84 on Monday. Schwab 1000 Index ETF has a fifty-two week low of $29.89 and a fifty-two week high of $36.63. The firm has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $34.03. The company has a market cap of $5.68 billion, a PE ratio of 25.42 and a beta of 1.01.
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.
Further Reading
- Five stocks we like better than Schwab 1000 Index ETF
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Want to see what other hedge funds are holding SCHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report).
Receive News & Ratings for Schwab 1000 Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab 1000 Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
