Armstrong Advisory Group Inc. Purchases 1,363,200 Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK)

Armstrong Advisory Group Inc. raised its position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 107.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,633,266 shares of the company’s stock after acquiring an additional 1,363,200 shares during the quarter. Schwab 1000 Index ETF makes up about 6.0% of Armstrong Advisory Group Inc.’s holdings, making the stock its 5th largest holding. Armstrong Advisory Group Inc. owned 3.87% of Schwab 1000 Index ETF worth $74,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Vision MN LLC acquired a new position in shares of Schwab 1000 Index ETF during the 2nd quarter valued at about $210,000. Creative Planning boosted its holdings in Schwab 1000 Index ETF by 14.8% in the 2nd quarter. Creative Planning now owns 48,746 shares of the company’s stock valued at $2,551,000 after purchasing an additional 6,301 shares during the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of Schwab 1000 Index ETF in the 2nd quarter valued at approximately $1,151,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab 1000 Index ETF by 5.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,890 shares of the company’s stock worth $1,250,000 after buying an additional 1,255 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Schwab 1000 Index ETF by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 29,119 shares of the company’s stock valued at $1,524,000 after buying an additional 394 shares during the period.

Schwab 1000 Index ETF Stock Performance

Shares of Schwab 1000 Index ETF stock opened at $28.69 on Thursday. The stock has a 50 day moving average of $28.81 and a 200 day moving average of $27.61. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. Schwab 1000 Index ETF has a fifty-two week low of $22.70 and a fifty-two week high of $29.54.

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.