Raymond James Financial Inc. Takes $1.40 Million Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Raymond James Financial Inc. acquired a new position in Schwab 1000 Index ETF (NYSEARCA:SCHK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 49,377 shares of the company’s stock, valued at approximately $1,398,000. Raymond James Financial Inc. owned about 0.07% of Schwab 1000 Index ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHK. GHP Investment Advisors Inc. increased its holdings in shares of Schwab 1000 Index ETF by 100.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 972 shares of the company’s stock valued at $28,000 after buying an additional 488 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Schwab 1000 Index ETF by 100.0% in the 4th quarter. Blue Trust Inc. now owns 1,148 shares of the company’s stock worth $32,000 after acquiring an additional 574 shares during the last quarter. Breakwater Investment Management raised its position in shares of Schwab 1000 Index ETF by 100.0% during the fourth quarter. Breakwater Investment Management now owns 1,174 shares of the company’s stock worth $33,000 after purchasing an additional 587 shares during the period. Mather Group LLC. lifted its holdings in shares of Schwab 1000 Index ETF by 63.4% during the fourth quarter. Mather Group LLC. now owns 1,217 shares of the company’s stock valued at $34,000 after purchasing an additional 472 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Schwab 1000 Index ETF by 75.6% in the 4th quarter. Harbour Investments Inc. now owns 1,545 shares of the company’s stock valued at $44,000 after purchasing an additional 665 shares during the period.

Schwab 1000 Index ETF Trading Up 1.5 %

Shares of SCHK opened at $27.32 on Friday. Schwab 1000 Index ETF has a 1-year low of $23.18 and a 1-year high of $29.65. The stock has a market capitalization of $3.97 billion, a P/E ratio of 24.74 and a beta of 1.03. The business’s 50-day moving average price is $26.60 and its 200 day moving average price is $28.04.

Schwab 1000 Index ETF Cuts Dividend

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