Element Wealth LLC Acquires 3,512 Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK)

Element Wealth LLC raised its holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 100.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,024 shares of the company’s stock after buying an additional 3,512 shares during the quarter. Element Wealth LLC’s holdings in Schwab 1000 Index ETF were worth $199,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cornerstone Advisors Asset Management LLC lifted its position in Schwab 1000 Index ETF by 100.7% during the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 73,803 shares of the company’s stock valued at $2,089,000 after buying an additional 37,022 shares during the period. Key Financial Inc purchased a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth approximately $107,000. Atria Wealth Solutions Inc. increased its position in Schwab 1000 Index ETF by 100.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 23,523 shares of the company’s stock valued at $666,000 after buying an additional 11,768 shares in the last quarter. Allworth Financial LP raised its stake in Schwab 1000 Index ETF by 130.6% during the fourth quarter. Allworth Financial LP now owns 13,279 shares of the company’s stock valued at $390,000 after buying an additional 7,520 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Schwab 1000 Index ETF in the fourth quarter worth $1,338,000.

Schwab 1000 Index ETF Trading Down 1.9 %

NYSEARCA SCHK opened at $28.94 on Friday. Schwab 1000 Index ETF has a 12 month low of $23.86 and a 12 month high of $29.65. The stock’s fifty day moving average price is $28.94 and its 200-day moving average price is $28.13. The stock has a market cap of $4.09 billion, a P/E ratio of 26.34 and a beta of 1.03.

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.