Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 52-Week High – Time to Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $28.45 and last traded at $28.45, with a volume of 3054 shares trading hands. The stock had previously closed at $27.83.

Schwab 1000 Index ETF Stock Up 2.7 %

The stock has a 50 day moving average price of $27.42 and a two-hundred day moving average price of $26.42. The company has a market cap of $1.94 billion, a P/E ratio of 26.06 and a beta of 1.02.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Schwab 1000 Index ETF during the second quarter worth about $28,000. Hexagon Capital Partners LLC raised its holdings in Schwab 1000 Index ETF by 95.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,413 shares of the company’s stock valued at $74,000 after acquiring an additional 690 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter valued at $128,000. Mather Group LLC. bought a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter valued at $161,000. Finally, Spinnaker Trust acquired a new stake in shares of Schwab 1000 Index ETF during the 3rd quarter worth $200,000.

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.