NewEdge Wealth LLC Takes $7.56 Million Position in Schwab U.S. REIT ETF $SCHH

NewEdge Wealth LLC purchased a new position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 81,949 shares of the company’s stock, valued at approximately $7,561,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHH. Generation Investment Management LLP purchased a new stake in Schwab U.S. REIT ETF in the 2nd quarter worth about $148,698,000. Dala Group LLC purchased a new stake in Schwab U.S. REIT ETF during the second quarter valued at about $334,000. Catalyst Investment Management LLC bought a new position in Schwab U.S. REIT ETF during the second quarter worth about $265,000. Great Lakes Advisors LLC bought a new position in Schwab U.S. REIT ETF during the second quarter worth about $8,327,000. Finally, Compass Wealth Management LLC bought a new position in Schwab U.S. REIT ETF during the second quarter worth about $2,855,000.

Schwab U.S. REIT ETF Stock Up 0.7%

SCHH opened at $24.00 on Thursday. The firm has a 50-day moving average price of $24.08 and a 200-day moving average price of $23.20. Schwab U.S. REIT ETF has a twelve month low of $20.63 and a twelve month high of $25.03. The company has a market capitalization of $11.35 billion, a price-to-earnings 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.