Cambridge Investment Research Advisors Inc. Sells 676 Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK)

Cambridge Investment Research Advisors Inc. reduced its position in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,737 shares of the company’s stock after selling 676 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Schwab 1000 Index ETF were worth $262,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Lighthouse Wealth Management Inc. increased its holdings in Schwab 1000 Index ETF by 1.9% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 343,601 shares of the company’s stock valued at $9,250,000 after buying an additional 6,313 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of Schwab 1000 Index ETF by 17.0% during the 1st quarter. Johnson Investment Counsel Inc. now owns 30,090 shares of the company’s stock valued at $810,000 after purchasing an additional 4,368 shares during the last quarter. Robertson Stephens Wealth Management LLC bought a new stake in shares of Schwab 1000 Index ETF during the 1st quarter valued at approximately $250,000. Pinion Investment Advisors LLC grew its holdings in shares of Schwab 1000 Index ETF by 100.6% during the 1st quarter. Pinion Investment Advisors LLC now owns 32,726 shares of the company’s stock valued at $881,000 after purchasing an additional 16,413 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of Schwab 1000 Index ETF during the 1st quarter valued at approximately $27,000.

Schwab 1000 Index ETF Trading Down 0.4%

Shares of Schwab 1000 Index ETF stock opened at $30.11 on Friday. The firm has a market capitalization of $4.36 billion, a PE ratio of 24.92 and a beta of 1.02. The firm’s 50 day moving average is $28.82 and its 200 day moving average is $28.09. Schwab 1000 Index ETF has a 1 year low of $23.18 and a 1 year high of $30.28.

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.