Paralel Advisors LLC Invests $69.20 Million in Schwab U.S. REIT ETF $SCHH

Paralel Advisors LLC bought a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the 2nd quarter, Holdings Channel reports. The fund bought 750,000 shares of the company’s stock, valued at approximately $69,202,000. Schwab U.S. REIT ETF accounts for 2.7% of Paralel Advisors LLC’s holdings, making the stock its 10th biggest position.

A number of other large investors have also added to or reduced their stakes in SCHH. BlackRock Inc. purchased a new stake in Schwab U.S. REIT ETF during the 2nd quarter worth $12,402,467,000. Bank of New York Mellon Corp purchased a new position in Schwab U.S. REIT ETF in the 2nd quarter valued at about $967,848,000. Dumac Inc. acquired a new stake in shares of Schwab U.S. REIT ETF during the fourth quarter valued at about $163,918,000. Deutsche Bank AG purchased a new stake in shares of Schwab U.S. REIT ETF during the second quarter worth about $614,184,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Schwab U.S. REIT ETF in the second quarter worth about $370,659,000.

Schwab U.S. REIT ETF Stock Performance

NYSEARCA:SCHH opened at $24.06 on Friday. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94. Schwab U.S. REIT ETF has a one year low of $20.63 and a one year high of $25.03. The business’s 50-day simple moving average is $24.08 and its 200 day simple moving average is $23.22.

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.