Kingsview Wealth Management LLC Makes New $5.33 Million Investment in Schwab U.S. REIT ETF $SCHH

Kingsview Wealth Management LLC bought a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) during the second quarter, HoldingsChannel reports. The institutional investor bought 57,815 shares of the company’s stock, valued at approximately $5,335,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Horizon Investments LLC bought a new stake in shares of Schwab U.S. REIT ETF in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new position in Schwab U.S. REIT ETF in the third quarter valued at approximately $25,000. Gilpin Wealth Management LLC bought a new position in Schwab U.S. REIT ETF during the fourth quarter valued at $25,000. NewEdge Advisors LLC grew its holdings in 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 valued at $28,000 after purchasing an additional 1,004 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in Schwab U.S. REIT ETF during the second quarter valued at $30,000.

Schwab U.S. REIT ETF Price Performance

NYSEARCA:SCHH opened at $23.74 on Friday. The company has a market capitalization of $11.23 billion, a P/E ratio of 34.50 and a beta of 0.94. The business has a fifty day simple moving average of $24.12 and a two-hundred day simple moving average of $23.31. Schwab U.S. REIT ETF has a 1 year low of $20.63 and a 1 year high of $25.03.

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.