Schwab U.S. REIT ETF $SCHH Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 802,747 shares of the company’s stock after selling 46,900 shares during the period. PNC Financial Services Group Inc. owned approximately 0.19% of Schwab U.S. REIT ETF worth $16,769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Horizon Investments LLC acquired a new stake in shares of Schwab U.S. REIT ETF during the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in shares of Schwab U.S. REIT ETF during the third quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Schwab U.S. REIT ETF during the fourth quarter worth $26,000. Cullen Frost Bankers Inc. lifted its stake in shares of Schwab U.S. REIT ETF by 73.5% during the third quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock worth $27,000 after buying an additional 538 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Schwab U.S. REIT ETF by 313.8% during the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock worth $28,000 after buying an additional 1,004 shares during the period.

Schwab U.S. REIT ETF Trading Up 0.2%

NYSEARCA:SCHH opened at $23.69 on Friday. Schwab U.S. REIT ETF has a 12 month low of $20.59 and a 12 month high of $23.80. The firm has a fifty day simple moving average of $22.65 and a 200-day simple moving average of $21.95. The company has a market capitalization of $10.05 billion, a P/E ratio of 34.50 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.