Deutsche Bank AG acquired a new position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 6,656,381 shares of the company’s stock, valued at approximately $614,184,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Persistent Asset Partners Ltd purchased a new stake in shares of Schwab U.S. REIT ETF in the 2nd quarter valued at approximately $66,000. Palisade Asset Management LLC purchased a new stake in shares of Schwab U.S. REIT ETF during the 3rd quarter valued at approximately $25,000. Horizon Investments LLC purchased a new stake in shares of Schwab U.S. REIT ETF during the 4th quarter valued at approximately $25,000. Gilpin Wealth Management LLC purchased a new stake in shares of Schwab U.S. REIT ETF during the 4th quarter valued at approximately $25,000. Finally, NewEdge Advisors LLC lifted its holdings in Schwab U.S. REIT ETF by 313.8% in the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after acquiring an additional 1,004 shares during the last quarter.
Schwab U.S. REIT ETF Stock Performance
Shares of Schwab U.S. REIT ETF stock opened at $23.93 on Tuesday. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94. Schwab U.S. REIT ETF has a fifty-two week low of $20.63 and a fifty-two week high of $25.03. The stock has a 50 day moving average of $24.08 and a 200 day moving average of $23.16.
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.
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