Schwab 1000 Index ETF (SCHK)
ARCA ARCA Primary 
Should Schwab 1000 Index ETF (SCHK) Be on Your Investing Radar?
Launched on 10/11/2017, the Schwab 1000 Index ETF (SCHK) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
SCHK: Large-Cap And The Same As Everything Else
Market-cap weighted passive vehicles are currently overvalued and overcrowded, but can still continue to perform well. Schwab 1000 ETF tracks the largest 1,000 US companies, with a heavy bias towards mega-cap tech stocks. The SCHK ETF's sector composition mirrors other market-cap weighted US funds, offering exposure to industry leaders with low volatility and downside risk.
Schwab 1000 Index ETF (NYSEARCA:SCHK) Shares Sold by Meridian Wealth Management LLC
Meridian Wealth Management LLC decreased its holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report) by 49.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,240 shares of the company’s stock after selling 5,200 shares during the quarter. Meridian Wealth Management LLC’s holdings in Schwab 1000 Index ETF were worth $241,000 as of its most recent SEC filing. Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Schwab 1000 Index ETF by 133.6% during the third quarter. Commonwealth Equity Services LLC now owns 11,274 shares of the company’s stock valued at $466,000 after purchasing an additional 6,448 shares during the last quarter. Raymond James & Associates boosted its stake in Schwab 1000 Index ETF by 24.6% in the 3rd quarter. Raymond James & Associates now owns 6,470 shares of the company’s stock worth $267,000 after purchasing an additional 1,279 shares during the period. Allworth Financial LP grew its position in Schwab 1000 Index ETF by 4.8% during the 3rd quarter. Allworth Financial LP now owns 6,327 shares of the company’s stock worth $261,000 after purchasing an additional 289 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Schwab 1000 Index ETF by 11.0% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,676 shares of the company’s stock worth $276,000 after purchasing an additional 661 shares in the last quarter. Finally, Acorn Wealth Advisors LLC purchased a new stake in shares of Schwab 1000 Index ETF in the third quarter valued at $216,000. Schwab 1000 Index ETF Trading Up 0.1 % Shares of SCHK stock opened at $51.13 on Monday. Schwab 1000 Index ETF has a 1-year low of $39.41 and a 1-year high of $51.35. The stock’s fifty day simple moving average is $49.75 and its 200-day simple moving average is $47.31. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. Schwab 1000 Index ETF Profile (Free Report) 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.
