Cornerstone Advisors Asset Management LLC Has $8.09 Million Holdings in Schwab 1000 Index ETF $SCHK

Cornerstone Advisors Asset Management LLC raised its position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 32.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,167 shares of the company’s stock after purchasing an additional 63,859 shares during the period. Schwab 1000 Index ETF accounts for about 1.2% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Cornerstone Advisors Asset Management LLC owned approximately 0.17% of Schwab 1000 Index ETF worth $8,088,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Schwab 1000 Index ETF by 20.6% in the 1st quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock valued at $245,000 after buying an additional 1,556 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Schwab 1000 Index ETF during the first quarter valued at approximately $232,000. Goldman Sachs Group Inc. acquired a new stake in Schwab 1000 Index ETF in the first quarter valued at approximately $629,000. Jane Street Group LLC acquired a new stake in Schwab 1000 Index ETF in the first quarter valued at approximately $2,157,000. Finally, JPMorgan Chase & Co. grew its position in Schwab 1000 Index ETF by 50.8% in the second quarter. JPMorgan Chase & Co. now owns 17,110 shares of the company’s stock worth $510,000 after acquiring an additional 5,766 shares in the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of SCHK opened at $35.84 on Monday. The company’s fifty day moving average is $35.91 and its 200-day moving average is $34.03. Schwab 1000 Index ETF has a 12 month low of $29.89 and a 12 month high of $36.63. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01.

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.