Perigon Wealth Management LLC Takes Position in Schwab U.S. REIT ETF $SCHH

Perigon Wealth Management LLC bought a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) during the 2nd quarter, Holdings Channel.com reports. The firm bought 149,554 shares of the company’s stock, valued at approximately $13,799,000.

Other hedge funds have also added to or reduced their stakes in the company. Persistent Asset Partners Ltd acquired a new position in shares of Schwab U.S. REIT ETF during the 2nd quarter worth about $66,000. Palisade Asset Management LLC bought a new position in shares of Schwab U.S. REIT ETF in the third quarter valued at $25,000. Horizon Investments LLC acquired a new stake in Schwab U.S. REIT ETF in the fourth quarter valued at $25,000. Gilpin Wealth Management LLC acquired a new stake in Schwab U.S. REIT ETF in the 4th quarter valued at about $25,000. Finally, NewEdge Advisors LLC raised its stake in Schwab U.S. REIT ETF by 313.8% in the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after buying an additional 1,004 shares during the period.

Schwab U.S. REIT ETF Trading Down 0.7%

Schwab U.S. REIT ETF stock opened at $23.93 on Tuesday. The stock’s 50 day moving average is $24.08 and its 200-day moving average is $23.16. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94. Schwab U.S. REIT ETF has a 12 month low of $20.63 and a 12 month high of $25.03.

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.