Envestnet Portfolio Solutions Inc. Raises Stake in Schwab U.S. REIT ETF $SCHH

Envestnet Portfolio Solutions Inc. grew its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,866,902 shares of the company’s stock after purchasing an additional 385,927 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 2.07% of Schwab U.S. REIT ETF worth $166,464,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Schwab U.S. REIT ETF by 21.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 46,143 shares of the company’s stock valued at $993,000 after purchasing an additional 8,226 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Schwab U.S. REIT ETF in the first quarter valued at about $267,000. Portland Financial Advisors Inc raised its holdings in shares of Schwab U.S. REIT ETF by 6.4% in the first quarter. Portland Financial Advisors Inc now owns 21,133 shares of the company’s stock valued at $455,000 after acquiring an additional 1,265 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Schwab U.S. REIT ETF by 5.2% in the first quarter. Atria Wealth Solutions Inc. now owns 21,415 shares of the company’s stock valued at $461,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of Schwab U.S. REIT ETF in the first quarter valued at about $643,000.

Schwab U.S. REIT ETF Price Performance

SCHH stock opened at $20.85 on Monday. The business has a 50-day moving average price of $21.33 and a 200 day moving average price of $21.13. The company has a market capitalization of $8.13 billion, a P/E ratio of 34.50 and a beta of 0.92. Schwab U.S. REIT ETF has a 1-year low of $18.25 and a 1-year high of $23.42.

Schwab U.S. REIT ETF Company 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.