Parallel Advisors LLC Sells 7,765 Shares of Schwab U.S. REIT ETF $SCHH

Parallel Advisors LLC lowered its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 21.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,353 shares of the company’s stock after selling 7,765 shares during the quarter. Parallel Advisors LLC’s holdings in Schwab U.S. REIT ETF were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SCHH. Brighton Jones LLC bought a new position in shares of Schwab U.S. REIT ETF in the fourth quarter worth about $208,000. Jane Street Group LLC bought a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at approximately $296,000. Bank of America Corp DE raised its stake in Schwab U.S. REIT ETF by 0.6% during the 4th quarter. Bank of America Corp DE now owns 172,360 shares of the company’s stock valued at $3,630,000 after purchasing an additional 972 shares during the period. Waverly Advisors LLC raised its stake in Schwab U.S. REIT ETF by 3.8% during the 4th quarter. Waverly Advisors LLC now owns 28,071 shares of the company’s stock valued at $591,000 after purchasing an additional 1,015 shares during the period. Finally, Focus Partners Advisor Solutions LLC raised its stake in Schwab U.S. REIT ETF by 7.5% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 31,315 shares of the company’s stock valued at $660,000 after purchasing an additional 2,188 shares during the period.

Schwab U.S. REIT ETF Trading Up 0.1%

Shares of SCHH opened at $21.52 on Friday. The business’s 50 day moving average is $21.33 and its 200 day moving average is $21.15. The company has a market capitalization of $8.23 billion, a PE ratio of 34.50 and a beta of 0.92. Schwab U.S. REIT ETF has a 12-month low of $18.25 and a 12-month high of $23.54.

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.