Raymond James & Associates Grows Stake in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Raymond James & Associates increased its holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 53.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,959 shares of the company’s stock after buying an additional 3,489 shares during the period. Raymond James & Associates’ holdings in Schwab 1000 Index ETF were worth $459,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in shares of Schwab 1000 Index ETF in the 4th quarter valued at about $43,000. Thomasville National Bank purchased a new stake in Schwab 1000 Index ETF in the fourth quarter valued at approximately $207,000. Acorn Wealth Advisors LLC bought a new stake in Schwab 1000 Index ETF during the third quarter valued at approximately $216,000. Pure Financial Advisors LLC purchased a new position in Schwab 1000 Index ETF in the 4th quarter worth approximately $255,000. Finally, Allworth Financial LP increased its holdings in shares of Schwab 1000 Index ETF by 4.8% in the 3rd quarter. Allworth Financial LP now owns 6,327 shares of the company’s stock worth $261,000 after buying an additional 289 shares during the last quarter.

Schwab 1000 Index ETF Stock Up 0.9 %

SCHK opened at $49.13 on Friday. The business’s fifty day simple moving average is $49.46 and its 200 day simple moving average is $46.23. Schwab 1000 Index ETF has a 52 week low of $38.87 and a 52 week high of $50.77. The stock has a market cap of $3.34 billion, a PE ratio of 25.07 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.