Wells Fargo & Company MN Raises Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Wells Fargo & Company MN grew its stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 87.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,901 shares of the company’s stock after purchasing an additional 7,396 shares during the quarter. Wells Fargo & Company MN’s holdings in Schwab 1000 Index ETF were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Schwab 1000 Index ETF by 100.0% during the 4th quarter. GAMMA Investing LLC now owns 18,364 shares of the company’s stock worth $520,000 after buying an additional 9,182 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Schwab 1000 Index ETF by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 5,692 shares of the company’s stock worth $315,000 after acquiring an additional 396 shares during the period. Stratos Wealth Advisors LLC boosted its position in Schwab 1000 Index ETF by 86.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 18,066 shares of the company’s stock worth $511,000 after purchasing an additional 8,354 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in Schwab 1000 Index ETF by 100.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 23,523 shares of the company’s stock valued at $666,000 after purchasing an additional 11,768 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Schwab 1000 Index ETF by 99.9% during the 4th quarter. IFP Advisors Inc now owns 3,759 shares of the company’s stock valued at $106,000 after purchasing an additional 1,879 shares during the last quarter.

Schwab 1000 Index ETF Stock Performance

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

Schwab 1000 Index ETF Cuts Dividend

The business also recently announced 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 of this dividend was Wednesday, March 26th.

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.