L2 Asset Management LLC acquired a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 26,792 shares of the company’s stock, valued at approximately $2,472,000.
A number of other institutional investors also recently modified their holdings of SCHH. BlackRock Inc. bought a new stake in shares of Schwab U.S. REIT ETF during the second quarter valued at approximately $12,402,467,000. Financial Engines Advisors L.L.C. increased its holdings in shares of Schwab U.S. REIT ETF by 5.2% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 60,040,433 shares of the company’s stock valued at $1,254,245,000 after purchasing an additional 2,964,924 shares in the last quarter. US Bancorp DE raised its position in Schwab U.S. REIT ETF by 2.1% in the 4th quarter. US Bancorp DE now owns 32,751,460 shares of the company’s stock worth $684,184,000 after purchasing an additional 672,570 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Schwab U.S. REIT ETF in the 2nd quarter worth approximately $967,848,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Schwab U.S. REIT ETF by 6.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,916,100 shares of the company’s stock worth $186,257,000 after buying an additional 557,970 shares in the last quarter.
Schwab U.S. REIT ETF Stock Performance
NYSEARCA:SCHH opened at $24.18 on Tuesday. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94. The stock’s fifty day moving average price is $24.08 and its two-hundred day moving average price is $23.26. Schwab U.S. REIT ETF has a 52-week low of $20.63 and a 52-week high of $25.03.
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.
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