Cornerstone Advisors Asset Management LLC Grows Stock Holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Cornerstone Advisors Asset Management LLC lifted its stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 100.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 73,803 shares of the company’s stock after purchasing an additional 37,022 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in Schwab 1000 Index ETF were worth $2,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHK. Legacy Wealth Management Inc grew its stake in shares of Schwab 1000 Index ETF by 94.0% in the fourth quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock worth $197,340,000 after acquiring an additional 3,377,865 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of Schwab 1000 Index ETF by 107.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock worth $74,548,000 after purchasing an additional 1,363,200 shares in the last quarter. Waddell & Associates LLC raised its stake in shares of Schwab 1000 Index ETF by 1.4% in the third quarter. Waddell & Associates LLC now owns 962,726 shares of the company’s stock worth $53,229,000 after purchasing an additional 13,201 shares during the last quarter. Lighthouse Wealth Management Inc. bought a new position in shares of Schwab 1000 Index ETF during the fourth quarter valued at $9,549,000. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of Schwab 1000 Index ETF during the third quarter valued at $17,174,000.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA:SCHK opened at $29.58 on Wednesday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The business has a 50-day simple moving average of $28.93 and a two-hundred day simple moving average of $28.09. Schwab 1000 Index ETF has a fifty-two week low of $23.86 and a fifty-two week high of $29.59.

Schwab 1000 Index ETF 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.