Summit Financial Strategies Inc. Grows Holdings in Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Summit Financial Strategies Inc. lifted its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,381 shares of the company’s stock after acquiring an additional 2,361 shares during the quarter. Summit Financial Strategies Inc.’s holdings in Schwab U.S. REIT ETF were worth $492,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC lifted its stake in Schwab U.S. REIT ETF by 36.9% during the third quarter. Asset Dedication LLC now owns 1,650 shares of the company’s stock worth $38,000 after purchasing an additional 445 shares in the last quarter. Blue Trust Inc. acquired a new position in Schwab U.S. REIT ETF during the 3rd quarter worth about $39,000. GSB Wealth Management LLC purchased a new position in Schwab U.S. REIT ETF during the 3rd quarter valued at about $42,000. AlphaCore Capital LLC grew its position in Schwab U.S. REIT ETF by 329.7% in the 3rd quarter. AlphaCore Capital LLC now owns 2,492 shares of the company’s stock valued at $58,000 after acquiring an additional 1,912 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. grew its position in Schwab U.S. REIT ETF by 61.1% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 2,731 shares of the company’s stock valued at $63,000 after acquiring an additional 1,036 shares in the last quarter.

Schwab U.S. REIT ETF Stock Performance

Shares of SCHH opened at $21.33 on Monday. The stock has a market capitalization of $6.77 billion, a PE ratio of 26.49 and a beta of 0.97. The company’s 50-day simple moving average is $21.64 and its 200-day simple moving average is $22.08. Schwab U.S. REIT ETF has a 1 year low of $18.45 and a 1 year high of $23.66.

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.