Schwab U.S. REIT ETF $SCHH is Pioneer Wealth Management Group’s 7th Largest Position

Pioneer Wealth Management Group raised its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 883,192 shares of the company’s stock after buying an additional 67,461 shares during the quarter. Schwab U.S. REIT ETF accounts for 5.1% of Pioneer Wealth Management Group’s investment portfolio, making the stock its 7th biggest holding. Pioneer Wealth Management Group’s holdings in Schwab U.S. REIT ETF were worth $20,914,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Horizon Investments LLC bought a new position in Schwab U.S. REIT ETF in the fourth quarter worth about $25,000. Palisade Asset Management LLC bought a new stake in shares of Schwab U.S. REIT ETF in the 3rd quarter valued at about $25,000. Gilpin Wealth Management LLC purchased a new position in shares of Schwab U.S. REIT ETF in the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of Schwab U.S. REIT ETF in the 4th quarter worth approximately $26,000. Finally, NewEdge Advisors LLC grew its position in shares of Schwab U.S. REIT ETF by 313.8% in the 1st 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 last quarter.

Schwab U.S. REIT ETF Price Performance

NYSEARCA SCHH opened at $24.21 on Thursday. Schwab U.S. REIT ETF has a 52 week low of $20.63 and a 52 week high of $25.03. The company has a 50 day moving average price of $23.99 and a 200 day moving average price of $23.02. The firm has a market cap of $11.45 billion, a PE ratio of 34.50 and a beta of 0.94.

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.