Pension & Wealth Management Advisors Inc. Purchases 88,672 Shares of Schwab 1000 Index ETF $SCHK

Pension & Wealth Management Advisors Inc. boosted its position in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 6.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,397,559 shares of the company’s stock after acquiring an additional 88,672 shares during the quarter. Schwab 1000 Index ETF accounts for 11.5% of Pension & Wealth Management Advisors Inc.’s holdings, making the stock its largest holding. Pension & Wealth Management Advisors Inc. owned 0.89% of Schwab 1000 Index ETF worth $51,235,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SCHK. Archer Investment Corp bought a new position in Schwab 1000 Index ETF in the first quarter valued at about $26,000. CoreCap Advisors LLC bought a new position in shares of Schwab 1000 Index ETF in the third quarter worth about $51,000. JFS Wealth Advisors LLC lifted its holdings in shares of Schwab 1000 Index ETF by 385.0% in the second quarter. JFS Wealth Advisors LLC now owns 1,911 shares of the company’s stock worth $69,000 after acquiring an additional 1,517 shares during the last quarter. Angeles Wealth Management LLC bought a new position in shares of Schwab 1000 Index ETF in the first quarter worth about $63,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Schwab 1000 Index ETF by 53.8% in the 1st quarter. Sound Income Strategies LLC now owns 2,009 shares of the company’s stock valued at $63,000 after purchasing an additional 703 shares in the last quarter.

Schwab 1000 Index ETF Stock Performance

Shares of Schwab 1000 Index ETF stock traded down $0.43 during midday trading on Friday, hitting $36.63. 1,741,210 shares of the company traded hands, compared to its average volume of 1,328,609. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. The firm’s fifty day moving average price is $37.02 and its 200-day moving average price is $35.83. Schwab 1000 Index ETF has a 12 month low of $30.30 and a 12 month high of $37.62.

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.