Halbert Hargrove Global Advisors LLC Makes New Investment in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Halbert Hargrove Global Advisors LLC acquired a new stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,510 shares of the company’s stock, valued at approximately $99,000.

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

Schwab 1000 Index ETF Stock Performance

Shares of SCHK opened at $28.65 on Friday. Schwab 1000 Index ETF has a 52 week low of $23.86 and a 52 week high of $29.65. The firm has a market cap of $4.05 billion, a P/E ratio of 26.34 and a beta of 1.03. The firm’s 50-day simple moving average is $28.93 and its 200 day simple moving average is $28.26.

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.