Friedenthal Financial Lowers Holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Friedenthal Financial trimmed its holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,317 shares of the company’s stock after selling 1,514 shares during the quarter. Friedenthal Financial’s holdings in Schwab U.S. REIT ETF were worth $596,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Schwab U.S. REIT ETF by 16.6% during the second quarter. Bank of New York Mellon Corp now owns 28,557 shares of the company’s stock worth $570,000 after acquiring an additional 4,073 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Schwab U.S. REIT ETF by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 410,795 shares of the company’s stock worth $8,204,000 after purchasing an additional 35,112 shares during the last quarter. Breakwater Investment Management lifted its position in shares of Schwab U.S. REIT ETF by 4.8% in the second quarter. Breakwater Investment Management now owns 53,496 shares of the company’s stock worth $1,068,000 after buying an additional 2,447 shares in the last quarter. One Capital Management LLC bought a new position in Schwab U.S. REIT ETF during the second quarter valued at approximately $394,000. Finally, SigFig Wealth Management LLC grew its holdings in Schwab U.S. REIT ETF by 14.9% during the 2nd quarter. SigFig Wealth Management LLC now owns 42,853 shares of the company’s stock valued at $856,000 after buying an additional 5,552 shares in the last quarter.

Schwab U.S. REIT ETF Stock Performance

Shares of SCHH traded up $0.27 during mid-day trading on Monday, hitting $20.47. 5,705,061 shares of the stock were exchanged, compared to its average volume of 7,025,766. The firm has a 50-day moving average of $21.91 and a two-hundred day moving average of $22.00. Schwab U.S. REIT ETF has a 52-week low of $18.45 and a 52-week high of $23.66. The company has a market cap of $6.50 billion, a PE ratio of 26.49 and a beta of 0.97.

About Schwab U.S. REIT ETF

The Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund that is based on the Dow Jones Equity All REIT Capped index, a market-cap-weighted index of US real estate investment trusts, excluding mortgage REITs and hybrid REITs. SCHH was launched on Jan 13, 2011 and is managed by Charles Schwab.