Richardson Capital Management LLC Boosts Holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Richardson Capital Management LLC boosted its holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 98.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,174 shares of the company’s stock after buying an additional 30,903 shares during the period. Schwab 1000 Index ETF makes up 1.1% of Richardson Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Richardson Capital Management LLC’s holdings in Schwab 1000 Index ETF were worth $1,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHK. HighTower Advisors LLC boosted its position in shares of Schwab 1000 Index ETF by 36.9% in the third quarter. HighTower Advisors LLC now owns 5,614 shares of the company’s stock valued at $311,000 after acquiring an additional 1,512 shares during the period. Invst LLC purchased a new stake in Schwab 1000 Index ETF in the 3rd quarter worth approximately $208,000. GAMMA Investing LLC boosted its holdings in Schwab 1000 Index ETF by 100.0% in the 4th quarter. GAMMA Investing LLC now owns 18,364 shares of the company’s stock valued at $520,000 after purchasing an additional 9,182 shares during the period. JPMorgan Chase & Co. grew its position in shares of Schwab 1000 Index ETF by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,692 shares of the company’s stock valued at $315,000 after purchasing an additional 396 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Schwab 1000 Index ETF by 86.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 18,066 shares of the company’s stock worth $511,000 after purchasing an additional 8,354 shares during the period.

Schwab 1000 Index ETF Stock Performance

Shares of SCHK stock opened at $28.94 on Friday. The company has a market capitalization of $4.09 billion, a PE ratio of 26.34 and a beta of 1.03. Schwab 1000 Index ETF has a 52-week low of $23.86 and a 52-week high of $29.65. The business’s fifty day moving average is $28.94 and its 200 day moving average is $28.16.

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.