Rakuten Investment Management Inc. Makes New Investment in Schwab U.S. REIT ETF $SCHH

Rakuten Investment Management Inc. purchased a new stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 268,961 shares of the company’s stock, valued at approximately $24,354,000.

A number of other hedge funds also recently modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Schwab U.S. REIT ETF in the second quarter valued at $41,000. Fortress Financial Group LLC bought a new position in shares of Schwab U.S. REIT ETF in the 2nd quarter worth about $371,000. Persistent Asset Partners Ltd bought a new stake in Schwab U.S. REIT ETF in the second quarter worth approximately $66,000. Strategic Wealth Advisors LLC acquired a new position in shares of Schwab U.S. REIT ETF during the 2nd quarter valued at $71,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Schwab U.S. REIT ETF during the second quarter valued at about $30,000.

Schwab U.S. REIT ETF Stock Performance

SCHH stock opened at $23.74 on Friday. Schwab U.S. REIT ETF has a fifty-two week low of $20.63 and a fifty-two week high of $25.03. The stock’s 50 day simple moving average is $24.12 and its 200 day simple moving average is $23.31. The company has a market cap of $11.23 billion, a P/E ratio of 34.50 and a beta of 0.94.

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.