AE Wealth Management LLC Grows Stake in Schwab 1000 Index ETF $SCHK

AE Wealth Management LLC increased its holdings in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 753.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,096 shares of the company’s stock after purchasing an additional 3,616 shares during the quarter. AE Wealth Management LLC’s holdings in Schwab 1000 Index ETF were worth $122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHK. Atlantic Union Bankshares Corp acquired a new stake in Schwab 1000 Index ETF during the second quarter worth approximately $85,000. Blue Barn Wealth LLC purchased a new position in shares of Schwab 1000 Index ETF in the 2nd quarter valued at $214,000. Simplex Trading LLC acquired a new stake in Schwab 1000 Index ETF during the 2nd quarter worth $123,000. Spinnaker Trust purchased a new stake in Schwab 1000 Index ETF in the second quarter valued at $216,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Schwab 1000 Index ETF in the second quarter valued at $824,000.

Schwab 1000 Index ETF Stock Performance

Schwab 1000 Index ETF stock opened at $31.74 on Wednesday. The company has a market capitalization of $4.67 billion, a P/E ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a fifty-two week low of $23.18 and a fifty-two week high of $33.21. The stock has a 50-day simple moving average of $32.26 and a 200-day simple moving average of $30.61.

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.