Schwab 1000 Index ETF Stock Set to Split on Friday, October 11th (NYSEARCA:SCHK)

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares are scheduled to split on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the market closes on Thursday, October 10th.

Schwab 1000 Index ETF Price Performance

Shares of SCHK stock opened at $55.17 on Wednesday. The company has a fifty day moving average price of $53.49 and a two-hundred day moving average price of $51.99. The stock has a market cap of $3.75 billion, a P/E ratio of 26.06 and a beta of 1.02. Schwab 1000 Index ETF has a one year low of $39.41 and a one year high of $55.30.

Institutional Trading of Schwab 1000 Index ETF

A number of hedge funds have recently modified their holdings of SCHK. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter worth about $5,210,000. Strategic Financial Concepts LLC acquired a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter worth about $2,278,000. Richardson Capital Management LLC lifted its stake in shares of Schwab 1000 Index ETF by 1,049.4% during the 1st quarter. Richardson Capital Management LLC now owns 31,436 shares of the company’s stock worth $1,593,000 after buying an additional 28,701 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in shares of Schwab 1000 Index ETF by 22.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 137,709 shares of the company’s stock worth $7,206,000 after buying an additional 25,358 shares during the last quarter. Finally, One Capital Management LLC acquired a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter worth about $1,254,000.

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.