Envestnet Portfolio Solutions Inc. Buys 301,764 Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Envestnet Portfolio Solutions Inc. increased its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,356,836 shares of the company’s stock after buying an additional 301,764 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 2.00% of Schwab U.S. REIT ETF worth $129,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Gradient Investments LLC increased its position in shares of Schwab U.S. REIT ETF by 63,700.0% in the first quarter. Gradient Investments LLC now owns 1,276 shares of the company’s stock worth $26,000 after purchasing an additional 1,274 shares during the period. Larson Financial Group LLC increased its holdings in Schwab U.S. REIT ETF by 84.2% in the 4th quarter. Larson Financial Group LLC now owns 1,483 shares of the company’s stock valued at $31,000 after buying an additional 678 shares during the period. MeadowBrook Investment Advisors LLC bought a new position in Schwab U.S. REIT ETF in the 4th quarter valued at about $37,000. Citigroup Inc. raised its position in shares of Schwab U.S. REIT ETF by 836.1% in the 3rd quarter. Citigroup Inc. now owns 2,153 shares of the company’s stock valued at $38,000 after buying an additional 1,923 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its holdings in shares of Schwab U.S. REIT ETF by 1,991.1% during the 4th 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.

Schwab U.S. REIT ETF Stock Performance

Shares of NYSEARCA SCHH traded up $0.17 during trading hours on Friday, hitting $20.81. 2,163,262 shares of the stock were exchanged, compared to its average volume of 3,268,618. The company’s fifty day simple moving average is $19.75 and its two-hundred day simple moving average is $19.83. The company has a market cap of $6.60 billion, a PE ratio of 26.49 and a beta of 0.97. Schwab U.S. REIT ETF has a 1-year low of $16.63 and a 1-year high of $20.95.

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.