Meridian Wealth Management LLC Makes New $242,000 Investment in Schwab U.S. REIT ETF $SCHH

Meridian Wealth Management LLC purchased a new position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,424 shares of the company’s stock, valued at approximately $242,000.

A number of other large investors have also made changes to their positions in SCHH. Webster Bank N. A. purchased a new stake in Schwab U.S. REIT ETF during the second quarter worth about $26,000. NewEdge Advisors LLC lifted its position in shares of Schwab U.S. REIT ETF by 313.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after acquiring an additional 1,004 shares during the period. Howe & Rusling Inc. boosted its stake in shares of Schwab U.S. REIT ETF by 196.8% during the 1st quarter. Howe & Rusling Inc. now owns 1,594 shares of the company’s stock worth $34,000 after acquiring an additional 1,057 shares in the last quarter. Abound Wealth Management boosted its stake in shares of Schwab U.S. REIT ETF by 569.7% during the 2nd quarter. Abound Wealth Management now owns 1,942 shares of the company’s stock worth $41,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of Schwab U.S. REIT ETF by 87.9% in the 1st quarter. Harbour Investments Inc. now owns 2,080 shares of the company’s stock worth $45,000 after acquiring an additional 973 shares during the period.

Schwab U.S. REIT ETF Price Performance

NYSEARCA SCHH opened at $21.15 on Wednesday. The business has a 50 day moving average price of $21.38 and a 200 day moving average price of $21.29. The company has a market capitalization of $8.24 billion, a P/E ratio of 34.50 and a beta of 0.99. Schwab U.S. REIT ETF has a 1-year low of $18.25 and a 1-year high of $23.42.

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.