NewEdge Advisors LLC Boosts Stake in Schwab 1000 Index ETF (NYSEARCA:SCHK)

NewEdge Advisors LLC grew its stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 93.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,947 shares of the company’s stock after acquiring an additional 1,427 shares during the quarter. NewEdge Advisors LLC’s holdings in Schwab 1000 Index ETF were worth $83,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in Schwab 1000 Index ETF by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,692 shares of the company’s stock worth $315,000 after buying an additional 396 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Schwab 1000 Index ETF by 100.0% during the fourth quarter. GAMMA Investing LLC now owns 18,364 shares of the company’s stock worth $520,000 after acquiring an additional 9,182 shares during the last quarter. Collective Family Office LLC increased its holdings in shares of Schwab 1000 Index ETF by 100.0% during the fourth quarter. Collective Family Office LLC now owns 32,624 shares of the company’s stock valued at $924,000 after acquiring an additional 16,312 shares in the last quarter. Parkside Advisors LLC boosted its stake in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Parkside Advisors LLC now owns 120,127 shares of the company’s stock worth $3,401,000 after purchasing an additional 60,063 shares in the last quarter. Finally, Thomasville National Bank boosted 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 purchasing an additional 3,460 shares in the last quarter.

Schwab 1000 Index ETF Trading Up 1.5 %

NYSEARCA SCHK opened at $27.32 on Friday. Schwab 1000 Index ETF has a 12-month low of $23.18 and a 12-month high of $29.65. The company has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $28.04. The stock has a market cap of $3.97 billion, a P/E ratio of 24.74 and a beta of 1.03.

Schwab 1000 Index ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a $0.0808 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

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.