PNC Financial Services Group Inc. Cuts Position in Schwab U.S. REIT ETF (NYSEARCA:SCHH)

PNC Financial Services Group Inc. reduced its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,110,082 shares of the company’s stock after selling 117,617 shares during the quarter. PNC Financial Services Group Inc. owned 0.37% of Schwab U.S. REIT ETF worth $22,990,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Tortoise Investment Management LLC raised its holdings in shares of Schwab U.S. REIT ETF by 0.8% during the 4th quarter. Tortoise Investment Management LLC now owns 484,268 shares of the company’s stock valued at $9,496,000 after buying an additional 3,674 shares during the period. SigFig Wealth Management LLC grew its stake in Schwab U.S. REIT ETF by 4.9% during the 4th quarter. SigFig Wealth Management LLC now owns 37,631 shares of the company’s stock valued at $779,000 after purchasing an additional 1,764 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Schwab U.S. REIT ETF by 2.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 31,908 shares of the company’s stock valued at $661,000 after purchasing an additional 800 shares in the last quarter. Beacon Pointe Advisors LLC grew its stake in Schwab U.S. REIT ETF by 5.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 25,768 shares of the company’s stock valued at $534,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at approximately $324,000.

Schwab U.S. REIT ETF Stock Down 0.1 %

Shares of NYSEARCA SCHH opened at $19.91 on Wednesday. Schwab U.S. REIT ETF has a fifty-two week low of $16.63 and a fifty-two week high of $20.95. The business has a 50 day moving average price of $19.52 and a two-hundred day moving average price of $19.68. The firm has a market cap of $6.32 billion, a PE ratio of 26.49 and a beta of 0.97.

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.