Waverly Advisors LLC Increases Holdings in Schwab U.S. REIT ETF $SCHH

Waverly Advisors LLC grew its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 2,599.4% during the 1st quarter, HoldingsChannel reports. The fund owned 746,140 shares of the company’s stock after purchasing an additional 718,499 shares during the quarter. Waverly Advisors LLC’s holdings in Schwab U.S. REIT ETF were worth $16,035,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Horizon Investments LLC bought a new position in shares of Schwab U.S. REIT ETF during the fourth quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Schwab U.S. REIT ETF during the 3rd quarter valued at about $25,000. Gilpin Wealth Management LLC purchased a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at about $26,000. Finally, NewEdge Advisors LLC raised its holdings in Schwab U.S. REIT ETF by 313.8% in the first 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 Stock Performance

Shares of NYSEARCA SCHH opened at $24.86 on Monday. The firm’s 50 day moving average price is $23.85 and its 200-day moving average price is $22.84. Schwab U.S. REIT ETF has a 52-week low of $20.63 and a 52-week high of $24.93. The company has a market cap of $11.74 billion, a PE ratio of 34.50 and a beta of 0.94.

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.