Charles Schwab Investment Advisory Inc. Purchases 985,714 Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Charles Schwab Investment Advisory Inc. raised its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 52,388,706 shares of the company’s stock after acquiring an additional 985,714 shares during the period. Schwab U.S. REIT ETF makes up 1.6% of Charles Schwab Investment Advisory Inc.’s investment portfolio, making the stock its 15th largest holding. Charles Schwab Investment Advisory Inc. owned 0.17% of Schwab U.S. REIT ETF worth $1,084,970,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in shares of Schwab U.S. REIT ETF by 84.2% during the 4th quarter. Larson Financial Group LLC now owns 1,483 shares of the company’s stock valued at $31,000 after purchasing an additional 678 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of Schwab U.S. REIT ETF during the 4th quarter valued at about $37,000. Citigroup Inc. boosted its holdings in shares of Schwab U.S. REIT ETF by 836.1% during the 3rd quarter. Citigroup Inc. now owns 2,153 shares of the company’s stock valued at $38,000 after purchasing an additional 1,923 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in shares of Schwab U.S. REIT ETF by 1,991.1% during the 4th quarter. Independence Bank of Kentucky now owns 1,882 shares of the company’s stock valued at $39,000 after purchasing an additional 1,792 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Schwab U.S. REIT ETF during the 4th quarter valued at about $44,000.

Schwab U.S. REIT ETF Stock Performance

Shares of SCHH traded down $0.17 during midday trading on Wednesday, hitting $19.21. 1,888,735 shares of the company traded hands, compared to its average volume of 3,520,661. The firm has a 50 day moving average of $19.63 and a 200-day moving average of $19.50. Schwab U.S. REIT ETF has a 52 week low of $16.63 and a 52 week high of $20.95. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 26.49 and a beta of 0.97.

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.