Schwab 1000 Index ETF $SCHK is Legacy Wealth Management Inc’s 3rd Largest Position

Legacy Wealth Management Inc reduced its stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,117,568 shares of the company’s stock after selling 244,067 shares during the period. Schwab 1000 Index ETF accounts for 11.6% of Legacy Wealth Management Inc’s holdings, making the stock its 3rd biggest holding. Legacy Wealth Management Inc owned about 4.11% of Schwab 1000 Index ETF worth $200,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lodestone Wealth Management LLC purchased a new stake in shares of Schwab 1000 Index ETF in the fourth quarter valued at approximately $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in Schwab 1000 Index ETF during the 3rd quarter worth $32,000. Dorato Capital Management purchased a new position in Schwab 1000 Index ETF during the 4th quarter worth $40,000. Blue Trust Inc. raised its position in Schwab 1000 Index ETF by 149.6% during the 4th quarter. Blue Trust Inc. now owns 1,500 shares of the company’s stock valued at $49,000 after purchasing an additional 899 shares in the last quarter. Finally, Abound Wealth Management purchased a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth $84,000.

Schwab 1000 Index ETF Stock Performance

SCHK opened at $31.61 on Monday. Schwab 1000 Index ETF has a 12-month low of $23.18 and a 12-month high of $33.62. The business’s fifty day simple moving average is $32.54 and its 200-day simple moving average is $32.60. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02.

Schwab 1000 Index ETF Profile

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.