Tortoise Investment Management LLC Lowers Stake in Schwab U.S. REIT ETF $SCHH

Tortoise Investment Management LLC cut its holdings in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 4.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 495,307 shares of the company’s stock after selling 25,576 shares during the period. Tortoise Investment Management LLC owned approximately 0.13% of Schwab U.S. REIT ETF worth $10,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Independent Solutions Wealth Management LLC boosted its position in Schwab U.S. REIT ETF by 0.6% during the third quarter. Independent Solutions Wealth Management LLC now owns 81,689 shares of the company’s stock worth $1,762,000 after purchasing an additional 501 shares in the last quarter. Stableford Capital II LLC raised its stake in shares of Schwab U.S. REIT ETF by 2.5% during the 3rd quarter. Stableford Capital II LLC now owns 21,943 shares of the company’s stock worth $473,000 after buying an additional 527 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Schwab U.S. REIT ETF by 73.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock valued at $27,000 after buying an additional 538 shares in the last quarter. Patriot Investment Management Group Inc. lifted its position in shares of Schwab U.S. REIT ETF by 0.7% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 90,958 shares of the company’s stock valued at $1,962,000 after buying an additional 590 shares in the last quarter. Finally, Cresset Asset Management LLC grew its stake in Schwab U.S. REIT ETF by 0.7% in the 3rd quarter. Cresset Asset Management LLC now owns 89,694 shares of the company’s stock valued at $1,935,000 after acquiring an additional 619 shares during the period.

Schwab U.S. REIT ETF Stock Performance

Shares of NYSEARCA SCHH opened at $22.37 on Thursday. The firm has a fifty day moving average of $21.97 and a 200 day moving average of $21.53. The firm has a market cap of $9.52 billion, a PE ratio of 34.50 and a beta of 0.99. Schwab U.S. REIT ETF has a one year low of $18.25 and a one year high of $23.21.

Schwab U.S. REIT ETF 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.