Wealthfront Advisers LLC Increases Stock Holdings in Schwab U.S. REIT ETF $SCHH

Wealthfront Advisers LLC boosted its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 17.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 397,966 shares of the company’s stock after acquiring an additional 58,637 shares during the period. Wealthfront Advisers LLC’s holdings in Schwab U.S. REIT ETF were worth $8,552,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in Schwab U.S. REIT ETF by 10.2% in the 1st quarter. Bank of New York Mellon Corp now owns 40,153 shares of the company’s stock worth $863,000 after purchasing an additional 3,707 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Schwab U.S. REIT ETF by 0.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 89,355 shares of the company’s stock valued at $1,920,000 after purchasing an additional 780 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Schwab U.S. REIT ETF by 94.0% during the 1st quarter. Bleakley Financial Group LLC now owns 95,179 shares of the company’s stock valued at $2,045,000 after purchasing an additional 46,125 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Schwab U.S. REIT ETF by 158.3% during the 1st quarter. Fifth Third Bancorp now owns 4,773 shares of the company’s stock valued at $103,000 after purchasing an additional 2,925 shares in the last quarter. Finally, Summit Financial Strategies Inc. increased its position in shares of Schwab U.S. REIT ETF by 31.1% during the first quarter. Summit Financial Strategies Inc. now owns 17,431 shares of the company’s stock valued at $375,000 after buying an additional 4,139 shares during the period.

Schwab U.S. REIT ETF Price Performance

SCHH stock opened at $24.61 on Friday. Schwab U.S. REIT ETF has a 1 year low of $20.63 and a 1 year high of $24.87. The company has a market cap of $11.61 billion, a P/E ratio of 34.50 and a beta of 0.94. The firm has a 50-day moving average of $23.73 and a 200 day moving average of $22.70.

Schwab U.S. REIT ETF Company 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.