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

Wealth Management Resources Inc. bought a new position in Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the 3rd quarter, Holdings Channel.com reports. The fund bought 419,662 shares of the company’s stock, valued at approximately $9,249,000. Schwab U.S. REIT ETF accounts for about 2.9% of Wealth Management Resources Inc.’s portfolio, making the stock its 14th largest holding.

Other institutional investors have also modified their holdings of the company. Williams Financial LLC grew its stake in Schwab U.S. REIT ETF by 2.3% in the third quarter. Williams Financial LLC now owns 246,423 shares of the company’s stock worth $5,431,000 after purchasing an additional 5,508 shares in the last quarter. IFP Advisors Inc increased its holdings in Schwab U.S. REIT ETF by 13.3% in the third quarter. IFP Advisors Inc now owns 72,952 shares of the company’s stock valued at $1,608,000 after buying an additional 8,558 shares during the last quarter. Lee Financial Co acquired a new stake in Schwab U.S. REIT ETF during the third quarter valued at approximately $366,000. Stanich Group LLC raised its stake in Schwab U.S. REIT ETF by 3.4% during the third quarter. Stanich Group LLC now owns 253,367 shares of the company’s stock valued at $5,584,000 after buying an additional 8,279 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Schwab U.S. REIT ETF in the 3rd quarter valued at approximately $3,414,000.

Schwab U.S. REIT ETF Trading Up 1.7%

SCHH stock opened at $22.62 on Wednesday. The firm has a market cap of $10.88 billion, a P/E ratio of 34.50 and a beta of 0.93. Schwab U.S. REIT ETF has a 12-month low of $20.63 and a 12-month high of $25.03. The stock’s 50 day simple moving average is $23.01 and its 200 day simple moving average is $23.40.

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.