Legacy Wealth Management Inc Has $197.34 Million Holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Legacy Wealth Management Inc boosted its position in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 94.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,970,674 shares of the company’s stock after acquiring an additional 3,377,865 shares during the period. Schwab 1000 Index ETF accounts for 12.7% of Legacy Wealth Management Inc’s investment portfolio, making the stock its 3rd biggest position. Legacy Wealth Management Inc owned approximately 0.10% of Schwab 1000 Index ETF worth $197,340,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Creative Planning raised its position in Schwab 1000 Index ETF by 14.8% during 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 bought a new stake in Schwab 1000 Index ETF in the second quarter valued at $1,151,000. Northwestern Mutual Wealth Management Co. increased its position in 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 valued at $1,250,000 after purchasing an additional 1,255 shares during the period. Cetera Investment Advisers raised its holdings in Schwab 1000 Index ETF by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 29,119 shares of the company’s stock worth $1,524,000 after purchasing an additional 394 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Schwab 1000 Index ETF in the 3rd quarter worth about $225,000.

Schwab 1000 Index ETF Price Performance

Shares of NYSEARCA SCHK opened at $29.45 on Friday. Schwab 1000 Index ETF has a 1 year low of $23.33 and a 1 year high of $29.57. The stock has a market capitalization of $2.00 billion, a P/E ratio of 26.06 and a beta of 1.02. The company’s 50-day moving average is $28.87 and its 200 day moving average is $27.74.

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.