Envestnet Portfolio Solutions Inc. Raises Stake in Schwab U.S. REIT ETF $SCHH

Envestnet Portfolio Solutions Inc. grew its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 6.2% in the third quarter, Holdings Channel reports. The fund owned 8,358,130 shares of the company’s stock after purchasing an additional 491,228 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Schwab U.S. REIT ETF were worth $180,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHH. US Bancorp DE grew its holdings in shares of Schwab U.S. REIT ETF by 2.4% in the second quarter. US Bancorp DE now owns 30,541,227 shares of the company’s stock valued at $646,258,000 after purchasing an additional 724,757 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Schwab U.S. REIT ETF by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,856,664 shares of the company’s stock valued at $166,247,000 after purchasing an additional 200,077 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Schwab U.S. REIT ETF by 7.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,679,553 shares of the company’s stock valued at $36,226,000 after buying an additional 117,314 shares during the period. Charles Schwab Trust Co grew its stake in shares of Schwab U.S. REIT ETF by 6.7% in the 3rd quarter. Charles Schwab Trust Co now owns 1,276,521 shares of the company’s stock valued at $27,535,000 after buying an additional 80,008 shares during the period. Finally, Morningstar Investment Management LLC raised its position in shares of Schwab U.S. REIT ETF by 6.3% during the 2nd quarter. Morningstar Investment Management LLC now owns 1,187,440 shares of the company’s stock valued at $25,126,000 after buying an additional 70,732 shares during the period.

Schwab U.S. REIT ETF Stock Performance

SCHH opened at $21.28 on Friday. The stock has a market capitalization of $8.97 billion, a PE 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 $22.41. The business’s 50 day moving average price is $21.14 and its 200 day moving average price is $21.27.

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.