WT Wealth Management Sells 40,566 Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH)

WT Wealth Management cut its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 68.3% during the third quarter, HoldingsChannel reports. The firm owned 18,828 shares of the company’s stock after selling 40,566 shares during the period. WT Wealth Management’s holdings in Schwab U.S. REIT ETF were worth $436,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Advisory Inc. grew its holdings in shares of Schwab U.S. REIT ETF by 2.8% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 53,860,915 shares of the company’s stock worth $1,093,377,000 after purchasing an additional 1,472,209 shares during the last quarter. US Bancorp DE grew its holdings in shares of Schwab U.S. REIT ETF by 4.6% in the second quarter. US Bancorp DE now owns 27,274,731 shares of the company’s stock worth $544,680,000 after purchasing an additional 1,201,620 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Schwab U.S. REIT ETF by 7.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,837,684 shares of the company’s stock worth $136,549,000 after acquiring an additional 480,848 shares in the last quarter. Moisand Fitzgerald Tamayo LLC increased its position in Schwab U.S. REIT ETF by 9.4% during the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 1,244,689 shares of the company’s stock valued at $25,267,000 after purchasing an additional 106,505 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in shares of Schwab U.S. REIT ETF in the 2nd quarter valued at about $23,895,000.

Schwab U.S. REIT ETF Stock Performance

NYSEARCA:SCHH traded up $0.06 during trading hours on Tuesday, reaching $22.77. The company’s stock had a trading volume of 2,532,437 shares, compared to its average volume of 3,538,118. The stock has a 50 day moving average price of $22.71 and a two-hundred day moving average price of $20.94. Schwab U.S. REIT ETF has a 12 month low of $16.63 and a 12 month high of $23.66. The company has a market capitalization of $7.22 billion, a P/E ratio of 26.49 and a beta of 0.97.

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.