L2 Asset Management LLC purchased a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,792 shares of the company’s stock, valued at approximately $2,472,000.
Other hedge funds have also recently bought and sold shares of the company. Odyssey Capital Advisors Inc. bought a new stake in Schwab U.S. REIT ETF during the fourth quarter worth about $654,000. Hantz Financial Services Inc. raised its stake in shares of Schwab U.S. REIT ETF by 5.0% in the fourth quarter. Hantz Financial Services Inc. now owns 868,988 shares of the company’s stock valued at $18,153,000 after acquiring an additional 41,738 shares during the last quarter. Texas Yale Capital Corp. raised its stake in shares of Schwab U.S. REIT ETF by 43.4% in the fourth quarter. Texas Yale Capital Corp. now owns 251,366 shares of the company’s stock valued at $5,251,000 after acquiring an additional 76,023 shares during the last quarter. Principal Securities Inc. grew its position in Schwab U.S. REIT ETF by 8.4% during the 4th quarter. Principal Securities Inc. now owns 638,775 shares of the company’s stock worth $13,344,000 after acquiring an additional 49,554 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new stake in Schwab U.S. REIT ETF during the 2nd quarter worth approximately $12,200,000.
Schwab U.S. REIT ETF Price Performance
SCHH stock opened at $24.18 on Tuesday. The business has a fifty day moving average price of $24.08 and a 200 day moving average price of $23.26. 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 has a market capitalization of $11.43 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.
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