Farther Finance Advisors LLC Purchases New Stake in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Farther Finance Advisors LLC acquired a new stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,755 shares of the company’s stock, valued at approximately $615,000.

Several other hedge funds also recently added to or reduced their stakes in SCHK. Financial Engines Advisors L.L.C. increased its holdings in shares of Schwab 1000 Index ETF by 66.8% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 47,716,110 shares of the company’s stock valued at $1,350,843,000 after acquiring an additional 19,115,413 shares during the last quarter. Warwick Investment Management Inc. boosted its holdings in Schwab 1000 Index ETF by 109.2% in the fourth quarter. Warwick Investment Management Inc. now owns 4,387,948 shares of the company’s stock worth $124,223,000 after purchasing an additional 2,290,163 shares during the period. Waddell & Associates LLC increased its stake in Schwab 1000 Index ETF by 101.4% during the fourth quarter. Waddell & Associates LLC now owns 1,939,058 shares of the company’s stock valued at $54,895,000 after purchasing an additional 976,332 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its holdings in shares of Schwab 1000 Index ETF by 100.0% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 621,234 shares of the company’s stock worth $17,587,000 after purchasing an additional 310,617 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of Schwab 1000 Index ETF by 99.2% in the 4th quarter. Focus Partners Wealth now owns 502,133 shares of the company’s stock worth $14,215,000 after buying an additional 250,092 shares during the last quarter.

Schwab 1000 Index ETF Stock Down 1.2%

Shares of NYSEARCA:SCHK opened at $28.78 on Friday. The company has a market cap of $4.17 billion, a PE ratio of 25.96 and a beta of 1.03. Schwab 1000 Index ETF has a fifty-two week low of $23.18 and a fifty-two week high of $29.65. The firm has a 50-day simple moving average of $27.35 and a 200 day simple moving average of $28.02.

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.