Davis Capital Management Purchases New Position in Schwab U.S. REIT ETF $SCHH

Davis Capital Management acquired a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 95,493 shares of the company’s stock, valued at approximately $2,060,000. Schwab U.S. REIT ETF accounts for approximately 1.4% of Davis Capital Management’s investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. US Bancorp DE grew its stake in shares of Schwab U.S. REIT ETF by 2.4% in the second quarter. US Bancorp DE now owns 30,541,227 shares of the company’s stock valued at $646,258,000 after buying an additional 724,757 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Schwab U.S. REIT ETF by 5.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,866,902 shares of the company’s stock valued at $166,464,000 after acquiring an additional 385,927 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Schwab U.S. REIT ETF by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,856,664 shares of the company’s stock valued at $166,247,000 after acquiring an additional 200,077 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Schwab U.S. REIT ETF by 3.9% during the second quarter. Benjamin Edwards Inc. now owns 1,562,239 shares of the company’s stock valued at $33,057,000 after purchasing an additional 58,910 shares during the period. Finally, Charles Schwab Trust Co lifted its position in shares of Schwab U.S. REIT ETF by 6.7% during the third quarter. Charles Schwab Trust Co now owns 1,276,521 shares of the company’s stock worth $27,535,000 after purchasing an additional 80,008 shares in the last quarter.

Schwab U.S. REIT ETF Trading Up 0.1%

Shares of SCHH stock opened at $20.91 on Friday. The firm has a fifty day simple moving average of $21.11 and a 200-day simple moving average of $21.26. The company has a market capitalization of $8.15 billion, a PE ratio of 34.50 and a beta of 0.99. Schwab U.S. REIT ETF has a twelve month low of $18.25 and a twelve month high of $22.41.

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.