McAdam LLC Raises Stock Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

McAdam LLC grew its holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 92.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,883 shares of the company’s stock after acquiring an additional 8,603 shares during the period. McAdam LLC’s holdings in Schwab 1000 Index ETF were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Breakwater Investment Management lifted its stake in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Breakwater Investment Management now owns 1,174 shares of the company’s stock worth $33,000 after purchasing an additional 587 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of Schwab 1000 Index ETF by 100.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,255 shares of the company’s stock worth $92,000 after buying an additional 1,632 shares in the last quarter. Pflug Koory LLC boosted its stake in Schwab 1000 Index ETF by 100.0% during the fourth quarter. Pflug Koory LLC now owns 4,836 shares of the company’s stock valued at $137,000 after buying an additional 2,418 shares during the last quarter. Spinnaker Trust purchased a new position in Schwab 1000 Index ETF during the 3rd quarter valued at approximately $200,000. Finally, Thomasville National Bank increased its stake in Schwab 1000 Index ETF by 95.1% in the 4th quarter. Thomasville National Bank now owns 7,100 shares of the company’s stock worth $201,000 after acquiring an additional 3,460 shares during the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of SCHK opened at $29.15 on Monday. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. Schwab 1000 Index ETF has a 1 year low of $23.33 and a 1 year high of $29.57. The business’s 50 day simple moving average is $28.92 and its 200-day simple moving average is $27.83.

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.