Russell Investments Group Ltd. Invests $107,000 in Schwab 1000 Index ETF $SCHK

Russell Investments Group Ltd. purchased a new position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,972 shares of the company’s stock, valued at approximately $107,000.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Schwab 1000 Index ETF by 5.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,941 shares of the company’s stock worth $591,000 after purchasing an additional 1,197 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Schwab 1000 Index ETF during the 1st quarter worth $615,000. Bank of America Corp DE increased its stake in shares of Schwab 1000 Index ETF by 84.7% during the 4th quarter. Bank of America Corp DE now owns 205,195 shares of the company’s stock worth $5,809,000 after purchasing an additional 94,110 shares during the last quarter. LPL Financial LLC increased its stake in shares of Schwab 1000 Index ETF by 25.0% during the 1st quarter. LPL Financial LLC now owns 128,554 shares of the company’s stock worth $3,461,000 after purchasing an additional 25,729 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Schwab 1000 Index ETF by 5.9% in the 1st quarter. Allworth Financial LP now owns 14,069 shares of the company’s stock valued at $371,000 after buying an additional 790 shares during the last quarter.

Schwab 1000 Index ETF Trading Up 0.5%

NYSEARCA:SCHK opened at $31.09 on Thursday. Schwab 1000 Index ETF has a 1 year low of $23.18 and a 1 year high of $31.38. The firm’s fifty day simple moving average is $30.54 and its 200 day simple moving average is $28.57. The firm has a market capitalization of $4.50 billion, a PE ratio of 25.42 and a beta of 1.02.

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.