Schwab U.S. REIT ETF $SCHH Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 65.7% in the third quarter, HoldingsChannel.com reports. The fund owned 26,027 shares of the company’s stock after selling 49,940 shares during the period. State of Alaska Department of Revenue’s holdings in Schwab U.S. REIT ETF were worth $560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Schwab U.S. REIT ETF by 5.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,866,902 shares of the company’s stock worth $166,464,000 after purchasing an additional 385,927 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Schwab U.S. REIT ETF during the second quarter worth approximately $94,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Schwab U.S. REIT ETF by 64.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 20,389 shares of the company’s stock worth $431,000 after buying an additional 7,976 shares during the last quarter. Courage Miller Partners LLC grew its holdings in Schwab U.S. REIT ETF by 6.1% in the 2nd quarter. Courage Miller Partners LLC now owns 483,252 shares of the company’s stock valued at $10,226,000 after buying an additional 27,796 shares in the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of Schwab U.S. REIT ETF by 55.2% in the 3rd quarter. CoreCap Advisors LLC now owns 217,296 shares of the company’s stock worth $4,687,000 after acquiring an additional 77,323 shares during the last quarter.

Schwab U.S. REIT ETF Trading Down 1.6%

Shares of SCHH stock opened at $21.50 on Wednesday. The company’s 50-day moving average price is $21.13 and its 200-day moving average price is $21.26. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99. Schwab U.S. REIT ETF has a twelve month low of $18.25 and a twelve month high of $22.41.

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.