Schwab U.S. REIT ETF $SCHH Shares Purchased by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. increased its holdings in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 15.2% during the second quarter, HoldingsChannel.com reports. The fund owned 23,412 shares of the company’s stock after buying an additional 3,084 shares during the period. Summit Financial Strategies Inc.’s holdings in Schwab U.S. REIT ETF were worth $495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. acquired a new position in Schwab U.S. REIT ETF during the second quarter worth about $26,000. NewEdge Advisors LLC boosted its position in Schwab U.S. REIT ETF by 313.8% during the first 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. Howe & Rusling Inc. boosted its position in Schwab U.S. REIT ETF by 196.8% during the first quarter. Howe & Rusling Inc. now owns 1,594 shares of the company’s stock worth $34,000 after acquiring an additional 1,057 shares during the last quarter. Abound Wealth Management boosted its position in Schwab U.S. REIT ETF by 569.7% during the second quarter. Abound Wealth Management now owns 1,942 shares of the company’s stock worth $41,000 after acquiring an additional 1,652 shares during the last quarter. Finally, GSB Wealth Management LLC acquired a new position in Schwab U.S. REIT ETF during the first quarter worth about $42,000.

Schwab U.S. REIT ETF Price Performance

Shares of SCHH stock opened at $21.43 on Tuesday. The firm’s 50-day moving average is $21.34 and its two-hundred day moving average is $21.14. Schwab U.S. REIT ETF has a 12 month low of $18.25 and a 12 month high of $23.42. The company has a market capitalization of $8.20 billion, a PE ratio of 34.50 and a beta of 0.92.

Schwab U.S. REIT ETF 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.