Catalyst Investment Management LLC Invests $1.20 Million in Schwab 1000 Index ETF $SCHK

Catalyst Investment Management LLC purchased a new stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 36,521 shares of the company’s stock, valued at approximately $1,198,000. Schwab 1000 Index ETF comprises 1.1% of Catalyst Investment Management LLC’s portfolio, making the stock its 25th largest position.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Schwab 1000 Index ETF by 10.9% in the fourth quarter. IFP Advisors Inc now owns 3,891 shares of the company’s stock valued at $128,000 after purchasing an additional 382 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Schwab 1000 Index ETF by 5.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,018 shares of the company’s stock valued at $329,000 after acquiring an additional 557 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Schwab 1000 Index ETF by 1.7% in the third quarter. Clearstead Advisors LLC now owns 33,877 shares of the company’s stock valued at $1,088,000 after purchasing an additional 564 shares during the period. Equitable Holdings Inc. boosted its holdings in Schwab 1000 Index ETF by 3.0% in the third quarter. Equitable Holdings Inc. now owns 21,567 shares of the company’s stock valued at $693,000 after purchasing an additional 635 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Schwab 1000 Index ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 48,307 shares of the company’s stock worth $1,441,000 after purchasing an additional 746 shares in the last quarter.

Schwab 1000 Index ETF Price Performance

SCHK opened at $36.13 on Friday. The business has a fifty day moving average price of $35.11 and a 200 day moving average price of $33.57. Schwab 1000 Index ETF has a 12 month low of $28.65 and a 12 month high of $36.63. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01.

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.