PNC Financial Services Group Inc. Grows Stake in Schwab U.S. REIT ETF $SCHH

PNC Financial Services Group Inc. lifted its position in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 849,647 shares of the company’s stock after buying an additional 61,362 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Schwab U.S. REIT ETF were worth $18,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHH. Blue Trust Inc. purchased a new stake in shares of Schwab U.S. REIT ETF in the 3rd quarter valued at $26,000. Cullen Frost Bankers Inc. boosted its position in Schwab U.S. REIT ETF by 73.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock valued at $27,000 after buying an additional 538 shares during the period. NewEdge Advisors LLC grew its holdings in Schwab U.S. REIT ETF by 313.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock worth $28,000 after acquiring an additional 1,004 shares during the last quarter. Cloud Capital Management LLC purchased a new position in shares of Schwab U.S. REIT ETF in the third quarter valued at about $32,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Schwab U.S. REIT ETF during the second quarter valued at about $51,000.

Schwab U.S. REIT ETF Price Performance

SCHH opened at $23.06 on Wednesday. The business has a 50 day simple moving average of $21.36 and a two-hundred day simple moving average of $21.33. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99. Schwab U.S. REIT ETF has a one year low of $18.25 and a one year high of $23.07.

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.