Modera Wealth Management LLC Trims Stake in Schwab U.S. REIT ETF $SCHH

Modera Wealth Management LLC lessened its holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 81.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,477 shares of the company’s stock after selling 70,552 shares during the period. Modera Wealth Management LLC’s holdings in Schwab U.S. REIT ETF were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SCHH. Dumac Inc. acquired a new stake in shares of Schwab U.S. REIT ETF during the 4th quarter worth about $163,918,000. Financial Engines Advisors L.L.C. boosted its stake in Schwab U.S. REIT ETF by 5.2% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 60,040,433 shares of the company’s stock worth $1,254,245,000 after buying an additional 2,964,924 shares during the period. BNP Paribas Financial Markets boosted its stake in Schwab U.S. REIT ETF by 420.2% during the third quarter. BNP Paribas Financial Markets now owns 1,734,132 shares of the company’s stock worth $37,405,000 after buying an additional 1,400,776 shares during the period. M&T Bank Corp acquired a new stake in shares of Schwab U.S. REIT ETF during the fourth quarter valued at about $21,860,000. Finally, US Bancorp DE increased its position in shares of Schwab U.S. REIT ETF by 2.1% during the fourth quarter. US Bancorp DE now owns 32,751,460 shares of the company’s stock valued at $684,184,000 after acquiring an additional 672,570 shares during the last quarter.

Schwab U.S. REIT ETF Stock Performance

Schwab U.S. REIT ETF stock opened at $24.50 on Tuesday. The company’s 50 day simple moving average is $23.75 and its 200-day simple moving average is $22.74. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94. Schwab U.S. REIT ETF has a 1 year low of $20.63 and a 1 year high of $24.87.

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.