Schwab U.S. REIT ETF $SCHH Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC reduced its position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 495,307 shares of the company’s stock after selling 25,576 shares during the period. Tortoise Investment Management LLC’s holdings in Schwab U.S. REIT ETF were worth $10,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Schwab U.S. REIT ETF by 5.0% in the third quarter. US Bancorp DE now owns 32,078,890 shares of the company’s stock worth $691,948,000 after acquiring an additional 1,537,663 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Schwab U.S. REIT ETF by 6.2% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 8,358,130 shares of the company’s stock valued at $180,285,000 after purchasing an additional 491,228 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Schwab U.S. REIT ETF by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,856,664 shares of the company’s stock valued at $166,247,000 after purchasing an additional 200,077 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Schwab U.S. REIT ETF by 420.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,734,132 shares of the company’s stock worth $37,405,000 after purchasing an additional 1,400,776 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Schwab U.S. REIT ETF by 7.5% during the third quarter. Benjamin Edwards Inc. now owns 1,679,553 shares of the company’s stock worth $36,226,000 after buying an additional 117,314 shares in the last quarter.

Schwab U.S. REIT ETF Stock Down 1.0%

Shares of NYSEARCA SCHH opened at $22.37 on Thursday. The firm has a 50-day simple moving average of $21.97 and a 200-day simple moving average of $21.53. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99. Schwab U.S. REIT ETF has a 52 week low of $18.25 and a 52 week high of $23.21.

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.