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

PNC Financial Services Group Inc. cut its holdings in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 802,747 shares of the company’s stock after selling 46,900 shares during the period. PNC Financial Services Group Inc.’s holdings in Schwab U.S. REIT ETF were worth $16,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHH. Financial Engines Advisors L.L.C. lifted its position in Schwab U.S. REIT ETF by 2.8% during the third quarter. Financial Engines Advisors L.L.C. now owns 57,075,509 shares of the company’s stock valued at $1,231,119,000 after purchasing an additional 1,557,768 shares during the period. US Bancorp DE lifted its position in Schwab U.S. REIT ETF by 5.0% during the third quarter. US Bancorp DE now owns 32,078,890 shares of the company’s stock valued at $691,948,000 after purchasing an additional 1,537,663 shares during the period. BNP Paribas Financial Markets lifted its position in Schwab U.S. REIT ETF by 420.2% during the third quarter. BNP Paribas Financial Markets now owns 1,734,132 shares of the company’s stock valued at $37,405,000 after purchasing an additional 1,400,776 shares during the period. M&T Bank Corp acquired a new position in Schwab U.S. REIT ETF during the fourth quarter valued at $21,860,000. Finally, Compound Planning Inc. acquired a new position in Schwab U.S. REIT ETF during the third quarter valued at $13,565,000.

Schwab U.S. REIT ETF Price Performance

NYSEARCA SCHH opened at $23.69 on Friday. The company has a market capitalization of $10.05 billion, a PE ratio of 34.50 and a beta of 0.97. The company has a fifty day moving average of $22.65 and a 200 day moving average of $21.95. Schwab U.S. REIT ETF has a 1 year low of $20.59 and a 1 year high of $23.80.

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.