Written by Cláudio Afonso | LinkedIn | X
Charles Schwab Asset Management, one of the largest ETF providers in the U.S., has increased its stake in fuel cell truck manufacturer Nikola through two of its ETFs during the second quarter, according to a new SEC filing.
Over the last quarter, Schwab’s Small-Cap ETF added 662,166 shares while its Broad Market ETF bought 12,988 bringing the total of newly acquired shares to over 675,000.
Following the stake increase, the Small-Cap ETF owns now 4,998,639 Nikola shares while the Broad market ETF has 635,041 shares in its portfolio with a combined value of over $56 million based on Wednesday’s closing price of $9.70.
On Wednesday, Schwab’s Small-Cap ETF filed a new form with the SEC reporting ownership of 4,998,639 shares in the company valued at about $76.78 million as of May 31.
After buying the first shares in the company in January 2022, the ETF continued accumulating and increased its position by more than 15% last quarter.
| Date | Effective Date | Reported Shares | Shares | Shares (%) | Reported Value |
|---|---|---|---|---|---|
| 2024-07-24 | 2024-05-31 | 4,998,639 | 662,166 | 15.27 | 2.56 Million |
| 2024-04-24 | 2024-02-29 | 4,336,473 | 1,085,809 | 33.40 | 3.23 Million |
| 2024-01-25 | 2023-11-30 | 3,250,664 | 911,313 | 38.96 | 3.16 Million |
| 2023-10-25 | 2023-08-31 | 2,339,351 | 822,040 | 54.18 | 2.76 Million |
| 2023-07-28 | 2023-05-31 | 1,517,311 | 75,363 | 5.23 | 0.95 Million |
| 2023-04-24 | 2023-02-28 | 1,441,948 | 93,036 | 6.90 | 3.20 Million |
| 2023-01-26 | 2022-11-30 | 1,348,912 | 510,081 | 60.81 | 3.53 Million |
| 2022-10-25 | 2022-08-31 | 838,831 | 10,159 | 1.23 | 4.50 Million |
| 2022-07-25 | 2022-05-31 | 828,672 | -15,335 | -1.82 | 5.85 Million |
| 2022-04-25 | 2022-02-28 | 844,007 | 28,748 | 3.53 | 6.67 Million |
| 2022-01-26 | 2021-11-30 | 815,259 | 815,259 | — | 8.33 Million |
As of today, Nikola has 144 institutional owners and shareholders holding a total of more than 160.1 million shares. Among the largest shareholders, there are several funds from Vanguard (such as VTSMX, VEXMX, and VISGX), Fidelity, iShares, and Jane Street Group.
Earlier this month, Fidelity’s Small Cap Index Fund filed a new form revealing that it also increased its stake in Nikola. According to the filing, the fund acquired 1,038,350 shares in April and has been adding Nikola shares nearly every quarter since early 2022.
On Wednesday, Nikola CEO Stephen Girsky shared on LinkedIn that the company’s factory in Coolidge, Arizona, has welcomed “nearly 40” new workers.
After selling 112 hydrogen fuel cell trucks (FCEV) in the first half of the year, the Arizona-based manufacturer is ramping up production at its Coolidge plant.
Last week, the company’s station located in Ontario, California, achieved a daily record by refueling 28 trucks and dispensing over 850 kg of hydrogen.
In the first three months of the year, Nikola sold 40 vehicles while in the following quarter the sales surged to 72 units.
Earlier this week, Harnois Énergies announced the successful completion of a one-month test of Nikola trucks.
Written by Cláudio Afonso | LinkedIn | X
