Truist Financial Corp Acquires 24,065 Shares of Schwab U.S. REIT ETF $SCHH

Truist Financial Corp boosted its holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 142.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,937 shares of the company’s stock after acquiring an additional 24,065 shares during the period. Truist Financial Corp’s holdings in Schwab U.S. REIT ETF were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SCHH. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Schwab U.S. REIT ETF by 6.2% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 8,358,130 shares of the company’s stock valued at $180,285,000 after purchasing an additional 491,228 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Schwab U.S. REIT ETF by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,856,664 shares of the company’s stock worth $166,247,000 after buying an additional 200,077 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Schwab U.S. REIT ETF by 7.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,679,553 shares of the company’s stock worth $36,226,000 after buying an additional 117,314 shares during the period. Mason Street Advisors LLC grew its stake in Schwab U.S. REIT ETF by 9.5% in the 3rd quarter. Mason Street Advisors LLC now owns 1,627,170 shares of the company’s stock valued at $35,098,000 after buying an additional 141,170 shares during the last quarter. Finally, Charles Schwab Trust Co grew its stake in 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 last quarter.

Schwab U.S. REIT ETF Stock Up 1.5%

Shares of SCHH stock opened at $22.35 on Wednesday. The firm has a 50 day moving average price of $21.21 and a two-hundred day moving average price of $21.28. The company has a market capitalization of $9.51 billion, a PE ratio of 34.50 and a beta of 0.99. Schwab U.S. REIT ETF has a 12-month low of $18.25 and a 12-month high of $22.41.

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.