Charles Schwab Investment Management Inc. Sells 514,297 Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Charles Schwab Investment Management Inc. cut its holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,853,834 shares of the company’s stock after selling 514,297 shares during the period. Charles Schwab Investment Management Inc. owned about 0.08% of Schwab U.S. REIT ETF worth $514,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Larson Financial Group LLC raised its holdings in shares of Schwab U.S. REIT ETF by 84.2% in the 4th quarter. Larson Financial Group LLC now owns 1,483 shares of the company’s stock worth $31,000 after purchasing an additional 678 shares during the period. MeadowBrook Investment Advisors LLC purchased a new position in shares of Schwab U.S. REIT ETF during the 4th quarter valued at $37,000. Citigroup Inc. grew its stake in shares of Schwab U.S. REIT ETF by 836.1% during the 3rd quarter. Citigroup Inc. now owns 2,153 shares of the company’s stock worth $38,000 after acquiring an additional 1,923 shares during the period. Independence Bank of Kentucky increased its holdings in Schwab U.S. REIT ETF by 1,991.1% in the 4th quarter. Independence Bank of Kentucky now owns 1,882 shares of the company’s stock worth $39,000 after acquiring an additional 1,792 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Schwab U.S. REIT ETF in the 4th quarter valued at about $44,000.

Schwab U.S. REIT ETF Price Performance

NYSEARCA:SCHH traded up $0.16 on Tuesday, reaching $19.38. 3,290,013 shares of the company’s stock were exchanged, compared to its average volume of 3,539,799. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 26.49 and a beta of 0.97. The stock has a fifty day simple moving average of $19.63 and a 200-day simple moving average of $19.50. Schwab U.S. REIT ETF has a 52 week low of $16.63 and a 52 week high of $20.95.

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.