Primecap Management Co. CA Takes Position in Schwab U.S. REIT ETF $SCHH

Primecap Management Co. CA purchased a new position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,120,895 shares of the company’s stock, valued at approximately $2,317,905,000. Schwab U.S. REIT ETF comprises 1.4% of Primecap Management Co. CA’s investment portfolio, making the stock its 17th biggest holding. Primecap Management Co. CA owned about 5.31% of Schwab U.S. REIT ETF at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Odyssey Capital Advisors Inc. acquired a new stake in Schwab U.S. REIT ETF in the fourth quarter valued at about $654,000. Hantz Financial Services Inc. boosted its holdings in Schwab U.S. REIT ETF by 5.0% in the 4th quarter. Hantz Financial Services Inc. now owns 868,988 shares of the company’s stock valued at $18,153,000 after purchasing an additional 41,738 shares in the last quarter. Texas Yale Capital Corp. increased its position in Schwab U.S. REIT ETF by 43.4% during the 4th quarter. Texas Yale Capital Corp. now owns 251,366 shares of the company’s stock worth $5,251,000 after purchasing an additional 76,023 shares during the period. Principal Securities Inc. increased its position in Schwab U.S. REIT ETF by 8.4% during the 4th quarter. Principal Securities Inc. now owns 638,775 shares of the company’s stock worth $13,344,000 after purchasing an additional 49,554 shares during the period. Finally, Advisors Capital Management LLC acquired a new position in Schwab U.S. REIT ETF during the 2nd quarter worth approximately $12,200,000.

Schwab U.S. REIT ETF Trading Up 0.1%

Shares of SCHH stock opened at $24.21 on Wednesday. The stock has a 50 day simple moving average of $24.09 and a 200-day simple moving average of $23.28. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94. Schwab U.S. REIT ETF has a 12-month low of $20.63 and a 12-month high of $25.03.

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.