Silver Lake Advisory LLC Makes New $1.15 Million Investment in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Silver Lake Advisory LLC acquired a new stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,986 shares of the company’s stock, valued at approximately $1,151,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Focus Financial Network Inc. ADV acquired a new position in Schwab 1000 Index ETF in the fourth quarter worth about $384,000. Guardian Wealth Advisors LLC NC grew its stake in shares of Schwab 1000 Index ETF by 76.4% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 26,154 shares of the company’s stock valued at $1,205,000 after purchasing an additional 11,324 shares during the period. Richardson Capital Management LLC raised its holdings in shares of Schwab 1000 Index ETF by 1,049.4% in the 1st quarter. Richardson Capital Management LLC now owns 31,436 shares of the company’s stock worth $1,593,000 after buying an additional 28,701 shares in the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Schwab 1000 Index ETF during the 1st quarter worth approximately $26,000. Finally, US Bancorp DE boosted its stake in Schwab 1000 Index ETF by 0.5% in the 1st quarter. US Bancorp DE now owns 67,780 shares of the company’s stock valued at $3,434,000 after buying an additional 317 shares in the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of NYSEARCA:SCHK opened at $55.07 on Friday. The business’s fifty day moving average price is $53.16 and its two-hundred day moving average price is $51.73. Schwab 1000 Index ETF has a fifty-two week low of $39.41 and a fifty-two week high of $55.30. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02.

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.