M&T Bank Corp Decreases Stock Position in Schwab U.S. REIT ETF (NYSEARCA:SCHH)

M&T Bank Corp cut its holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 34.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 939,386 shares of the company’s stock after selling 484,000 shares during the quarter. M&T Bank Corp’s holdings in Schwab U.S. REIT ETF were worth $19,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in Schwab U.S. REIT ETF by 84.2% during the fourth quarter. Larson Financial Group LLC now owns 1,483 shares of the company’s stock worth $31,000 after acquiring an additional 678 shares during the period. Citigroup Inc. grew its holdings in Schwab U.S. REIT ETF by 836.1% during the third quarter. Citigroup Inc. now owns 2,153 shares of the company’s stock worth $38,000 after acquiring an additional 1,923 shares during the period. Independence Bank of Kentucky grew its holdings in Schwab U.S. REIT ETF by 1,991.1% during the fourth quarter. Independence Bank of Kentucky now owns 1,882 shares of the company’s stock worth $39,000 after acquiring an additional 1,792 shares during the period. International Assets Investment Management LLC acquired a new stake in Schwab U.S. REIT ETF during the fourth quarter worth about $44,000. Finally, CVA Family Office LLC acquired a new stake in Schwab U.S. REIT ETF during the fourth quarter worth about $47,000.

Schwab U.S. REIT ETF Stock Performance

Schwab U.S. REIT ETF stock traded up $0.11 during midday trading on Friday, hitting $19.19. 4,276,615 shares of the company were exchanged, compared to its average volume of 3,547,333. Schwab U.S. REIT ETF has a fifty-two week low of $16.63 and a fifty-two week high of $20.95. The business has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $19.46. The firm has a market capitalization of $6.09 billion, a PE ratio of 26.49 and a beta of 0.97.

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.