Schwab U.S. REIT ETF (NYSEARCA:SCHH) Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. lowered its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,020 shares of the company’s stock after selling 1,484 shares during the quarter. Summit Financial Strategies Inc.’s holdings in Schwab U.S. REIT ETF were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHH. Charles Schwab Investment Advisory Inc. lifted its position in Schwab U.S. REIT ETF by 2.8% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 53,860,915 shares of the company’s stock valued at $1,093,377,000 after purchasing an additional 1,472,209 shares during the period. US Bancorp DE lifted its position in Schwab U.S. REIT ETF by 4.6% in the second quarter. US Bancorp DE now owns 27,274,731 shares of the company’s stock valued at $544,680,000 after purchasing an additional 1,201,620 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Schwab U.S. REIT ETF by 7.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,837,684 shares of the company’s stock valued at $136,549,000 after purchasing an additional 480,848 shares during the period. Moisand Fitzgerald Tamayo LLC lifted its position in Schwab U.S. REIT ETF by 9.4% in the first quarter. Moisand Fitzgerald Tamayo LLC now owns 1,244,689 shares of the company’s stock valued at $25,267,000 after purchasing an additional 106,505 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in Schwab U.S. REIT ETF in the second quarter valued at about $23,895,000.

Schwab U.S. REIT ETF Stock Down 0.6 %

Shares of SCHH traded down $0.15 during mid-day trading on Thursday, reaching $23.05. 676,465 shares of the company’s stock were exchanged, compared to its average volume of 3,526,021. The company has a 50-day simple moving average of $22.63 and a two-hundred day simple moving average of $20.86. Schwab U.S. REIT ETF has a 52-week low of $16.63 and a 52-week high of $23.66. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 26.49 and a beta of 0.97.

Schwab U.S. REIT ETF Company Profile

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.