Schwab 1000 Index ETF (NYSEARCA:SCHK) Sees Unusually-High Trading Volume – Here’s What Happened

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares saw strong trading volume on Thursday . 1,178,994 shares changed hands during mid-day trading, an increase of 177% from the previous session’s volume of 425,799 shares.The stock last traded at $26.18 and had previously closed at $27.22.

Schwab 1000 Index ETF Price Performance

The stock has a 50 day moving average of $28.32 and a two-hundred day moving average of $28.35. The stock has a market capitalization of $3.64 billion, a PE ratio of 24.11 and a beta of 1.04.

Schwab 1000 Index ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.0808 per share. The ex-dividend date was Wednesday, March 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHK. GHP Investment Advisors Inc. grew its holdings in Schwab 1000 Index ETF by 100.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 972 shares of the company’s stock valued at $28,000 after purchasing an additional 488 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Schwab 1000 Index ETF by 100.0% in the 4th quarter. Blue Trust Inc. now owns 1,148 shares of the company’s stock worth $32,000 after buying an additional 574 shares in the last quarter. Breakwater Investment Management grew its stake in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Breakwater Investment Management now owns 1,174 shares of the company’s stock valued at $33,000 after acquiring an additional 587 shares during the last quarter. Mather Group LLC. increased its holdings in Schwab 1000 Index ETF by 63.4% during the 4th quarter. Mather Group LLC. now owns 1,217 shares of the company’s stock valued at $34,000 after acquiring an additional 472 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in Schwab 1000 Index ETF during the 4th quarter valued at about $34,000.

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.