Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 12-Month Low – What’s Next?

Schwab 1000 Index ETF (NYSEARCA:SCHK) reached a new 52-week low during trading on Monday . The company traded as low as $23.18 and last traded at $23.24, with a volume of 293180 shares trading hands. The stock had previously closed at $24.34.

Schwab 1000 Index ETF Stock Down 0.2 %

The stock’s 50-day simple moving average is $28.14 and its 200 day simple moving average is $28.34. The firm has a market cap of $3.41 billion, a P/E ratio of 24.11 and a beta of 1.04.

Schwab 1000 Index ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.0808 per share. The ex-dividend date was Wednesday, March 26th.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Institutional investors have recently modified their holdings of the company. GHP Investment Advisors Inc. increased its holdings in Schwab 1000 Index ETF by 100.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 972 shares of the company’s stock worth $28,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. raised its position in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Blue Trust Inc. now owns 1,148 shares of the company’s stock valued at $32,000 after buying an additional 574 shares during the last quarter. Breakwater Investment Management lifted its stake in Schwab 1000 Index ETF by 100.0% during the 4th quarter. Breakwater Investment Management now owns 1,174 shares of the company’s stock valued at $33,000 after acquiring an additional 587 shares in the last quarter. Mather Group LLC. grew its stake in shares of Schwab 1000 Index ETF by 63.4% in the 4th quarter. Mather Group LLC. now owns 1,217 shares of the company’s stock worth $34,000 after acquiring an additional 472 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth $34,000.

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.