Schwab 1000 Index ETF (NYSEARCA:SCHK) Sees Large Volume Increase – Time to Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares saw unusually-strong trading volume on Wednesday . Approximately 1,126,180 shares were traded during trading, a decline of 8% from the previous session’s volume of 1,228,924 shares.The stock last traded at $37.14 and had previously closed at $37.04.

Schwab 1000 Index ETF Trading Down 0.9%

The firm has a 50 day simple moving average of $36.27 and a two-hundred day simple moving average of $34.59. The company has a market capitalization of $5.84 billion, a PE ratio of 25.42 and a beta of 1.01.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHK. Royal Bank of Canada boosted its holdings in shares of Schwab 1000 Index ETF by 20.6% in the first quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock valued at $245,000 after acquiring an additional 1,556 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Schwab 1000 Index ETF in the first quarter valued at about $232,000. Goldman Sachs Group Inc. purchased a new stake in Schwab 1000 Index ETF in the 1st quarter valued at approximately $629,000. Jane Street Group LLC purchased a new stake in Schwab 1000 Index ETF in the 1st quarter valued at approximately $2,157,000. Finally, JPMorgan Chase & Co. increased its position in Schwab 1000 Index ETF by 50.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 17,110 shares of the company’s stock worth $510,000 after purchasing an additional 5,766 shares during the period.

Schwab 1000 Index ETF Company 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.