Empowered Funds LLC bought a new position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 193,980 shares of the company’s stock, valued at approximately $17,899,000.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Schwab U.S. REIT ETF during the 2nd quarter worth approximately $12,402,467,000. Primecap Management Co. CA purchased a new stake in Schwab U.S. REIT ETF during the second quarter worth $2,317,905,000. Bank of America Corp DE purchased a new stake in Schwab U.S. REIT ETF during the second quarter worth $1,475,687,000. Bamco Inc. NY acquired a new stake in Schwab U.S. REIT ETF in the second quarter valued at $1,075,471,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Schwab U.S. REIT ETF in the second quarter valued at $967,848,000.
Schwab U.S. REIT ETF Stock Down 0.5%
NYSEARCA:SCHH opened at $23.74 on Friday. Schwab U.S. REIT ETF has a 52-week low of $20.63 and a 52-week high of $25.03. The stock has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $23.31. The company has a market capitalization of $11.23 billion, a PE ratio of 34.50 and a beta of 0.94.
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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