Brown Wealth Management LLC Sells 79,343 Shares of Schwab U.S. REIT ETF $SCHH

Brown Wealth Management LLC trimmed its position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 22.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,133 shares of the company’s stock after selling 79,343 shares during the period. Schwab U.S. REIT ETF comprises 1.7% of Brown Wealth Management LLC’s portfolio, making the stock its 14th largest position. Brown Wealth Management LLC owned 0.07% of Schwab U.S. REIT ETF worth $6,064,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Independent Solutions Wealth Management LLC increased its holdings in Schwab U.S. REIT ETF by 0.6% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 81,689 shares of the company’s stock valued at $1,762,000 after purchasing an additional 501 shares during the period. Stableford Capital II LLC grew its position in shares of Schwab U.S. REIT ETF by 2.5% in the 3rd quarter. Stableford Capital II LLC now owns 21,943 shares of the company’s stock worth $473,000 after buying an additional 527 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Schwab U.S. REIT ETF by 73.5% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock worth $27,000 after buying an additional 538 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Schwab U.S. REIT ETF by 27.0% during the second quarter. Harbour Investments Inc. now owns 2,642 shares of the company’s stock valued at $56,000 after buying an additional 562 shares during the period. Finally, Patriot Investment Management Group Inc. lifted its stake in Schwab U.S. REIT ETF by 0.7% in the third quarter. Patriot Investment Management Group Inc. now owns 90,958 shares of the company’s stock worth $1,962,000 after acquiring an additional 590 shares during the period.

Schwab U.S. REIT ETF Trading Down 0.8%

Shares of Schwab U.S. REIT ETF stock opened at $21.23 on Tuesday. The company’s fifty day simple moving average is $21.16 and its two-hundred day simple moving average is $21.27. Schwab U.S. REIT ETF has a 12-month low of $18.25 and a 12-month high of $22.41. The company has a market cap of $8.99 billion, a P/E ratio of 34.50 and a beta of 0.99.

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.