Lighthouse Wealth Management Inc. Purchases 6,313 Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK)

Lighthouse Wealth Management Inc. raised its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 1.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 343,601 shares of the company’s stock after buying an additional 6,313 shares during the period. Schwab 1000 Index ETF comprises approximately 8.5% of Lighthouse Wealth Management Inc.’s holdings, making the stock its 5th largest position. Lighthouse Wealth Management Inc.’s holdings in Schwab 1000 Index ETF were worth $9,250,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SCHK. Sound Income Strategies LLC acquired a new position in Schwab 1000 Index ETF during the 1st quarter valued at about $27,000. Blue Trust Inc. increased its stake in Schwab 1000 Index ETF by 100.0% during the 4th quarter. Blue Trust Inc. now owns 1,148 shares of the company’s stock valued at $32,000 after buying an additional 574 shares during the period. CoreCap Advisors LLC acquired a new position in Schwab 1000 Index ETF during the 4th quarter valued at about $34,000. Sandy Spring Bank increased its stake in Schwab 1000 Index ETF by 99.9% during the 4th quarter. Sandy Spring Bank now owns 1,549 shares of the company’s stock valued at $44,000 after buying an additional 774 shares during the period. Finally, Harbour Investments Inc. increased its stake in Schwab 1000 Index ETF by 75.6% during the 4th quarter. Harbour Investments Inc. now owns 1,545 shares of the company’s stock valued at $44,000 after buying an additional 665 shares during the period.

Schwab 1000 Index ETF Trading Down 0.2%

Schwab 1000 Index ETF stock opened at $28.78 on Friday. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 24.92 and a beta of 1.03. The company’s 50-day moving average price is $27.69 and its two-hundred day moving average price is $28.01. Schwab 1000 Index ETF has a 52 week low of $23.18 and a 52 week high of $29.65.

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.