Ritholtz Wealth Management Invests $202,000 in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Ritholtz Wealth Management acquired a new stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) in the 2nd quarter, Holdings Channel reports. The firm acquired 3,856 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHK. Woodmont Investment Counsel LLC acquired a new stake in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new stake in Schwab 1000 Index ETF during the 2nd quarter valued at $28,000. Hexagon Capital Partners LLC increased its position in Schwab 1000 Index ETF by 95.4% during the second quarter. Hexagon Capital Partners LLC now owns 1,413 shares of the company’s stock worth $74,000 after buying an additional 690 shares in the last quarter. Clear Investment Research LLC acquired a new position in shares of Schwab 1000 Index ETF in the fourth quarter worth $87,000. Finally, TD Capital Management LLC lifted its position in shares of Schwab 1000 Index ETF by 30.5% in the fourth quarter. TD Capital Management LLC now owns 2,508 shares of the company’s stock valued at $116,000 after acquiring an additional 586 shares in the last quarter.

Schwab 1000 Index ETF Stock Down 1.6 %

SCHK opened at $52.01 on Friday. The business’s fifty day simple moving average is $52.89 and its 200 day simple moving average is $51.18. Schwab 1000 Index ETF has a 52 week low of $39.41 and a 52 week high of $54.45. The firm has a market cap of $3.54 billion, a P/E ratio of 26.06 and a beta of 1.02.

Schwab 1000 Index ETF Company 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.