Wealth Management Resources Inc. Purchases 419,662 Shares of Schwab U.S. REIT ETF $SCHH

Wealth Management Resources Inc. purchased a new position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 419,662 shares of the company’s stock, valued at approximately $9,249,000. Schwab U.S. REIT ETF comprises approximately 2.9% of Wealth Management Resources Inc.’s holdings, making the stock its 14th biggest position. Wealth Management Resources Inc. owned approximately 0.09% of Schwab U.S. REIT ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Waverly Advisors LLC lifted its position in shares of Schwab U.S. REIT ETF by 3.3% in the second quarter. Waverly Advisors LLC now owns 770,626 shares of the company’s stock valued at $18,248,000 after acquiring an additional 24,486 shares in the last quarter. Value Investment Professionals LLC purchased a new stake in Schwab U.S. REIT ETF during the 1st quarter worth about $1,421,000. C M Bidwell & Associates Ltd. acquired a new position in Schwab U.S. REIT ETF in the 2nd quarter valued at about $3,318,000. Dumac Inc. raised its stake in Schwab U.S. REIT ETF by 1.0% in the 1st quarter. Dumac Inc. now owns 7,929,093 shares of the company’s stock valued at $170,396,000 after purchasing an additional 82,351 shares during the last quarter. Finally, Range Advisory LLC acquired a new position in Schwab U.S. REIT ETF in the 2nd quarter valued at about $695,000.

Schwab U.S. REIT ETF Trading Up 1.7%

NYSEARCA:SCHH opened at $22.62 on Wednesday. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 34.50 and a beta of 0.93. The company’s 50-day moving average is $23.01 and its two-hundred day moving average is $23.40. Schwab U.S. REIT ETF has a 12-month low of $20.63 and a 12-month high of $25.03.

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.