LPL Financial LLC Cuts Stock Position in Schwab U.S. REIT ETF (NYSEARCA:SCHH)

LPL Financial LLC cut its holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 46.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,930 shares of the company’s stock after selling 252,635 shares during the quarter. LPL Financial LLC owned 0.08% of Schwab U.S. REIT ETF worth $6,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Schwab U.S. REIT ETF in the fourth quarter valued at approximately $26,000. GSB Wealth Management LLC acquired a new stake in shares of Schwab U.S. REIT ETF in the first quarter worth approximately $42,000. Independence Bank of Kentucky boosted its stake in shares of Schwab U.S. REIT ETF by 2,478.9% in the first quarter. Independence Bank of Kentucky now owns 2,321 shares of the company’s stock worth $50,000 after acquiring an additional 2,231 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Schwab U.S. REIT ETF by 39.2% in the fourth quarter. Bank of Montreal Can now owns 2,610 shares of the company’s stock worth $55,000 after acquiring an additional 735 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in Schwab U.S. REIT ETF by 55.0% during the fourth quarter. Ancora Advisors LLC now owns 2,966 shares of the company’s stock worth $62,000 after buying an additional 1,052 shares during the last quarter.

Schwab U.S. REIT ETF Stock Down 0.5%

NYSEARCA:SCHH opened at $20.76 on Tuesday. Schwab U.S. REIT ETF has a 52 week low of $18.25 and a 52 week high of $23.66. The company has a market capitalization of $7.94 billion, a P/E ratio of 34.50 and a beta of 0.92. The stock’s fifty day moving average is $21.27 and its two-hundred day moving average is $21.18.

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.