State of Alaska Department of Revenue Makes New Investment in Schwab U.S. REIT ETF $SCHH

State of Alaska Department of Revenue purchased a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 154,944 shares of the company’s stock, valued at approximately $3,414,000.

Other hedge funds also recently modified their holdings of the company. Waverly Advisors LLC increased its stake in shares of Schwab U.S. REIT ETF by 3.3% in the second quarter. Waverly Advisors LLC now owns 770,626 shares of the company’s stock valued at $18,248,000 after buying an additional 24,486 shares during the period. Value Investment Professionals LLC bought a new position in Schwab U.S. REIT ETF in the 1st quarter valued at approximately $1,421,000. C M Bidwell & Associates Ltd. bought a new position in Schwab U.S. REIT ETF in the 2nd quarter valued at approximately $3,318,000. Dumac Inc. raised its holdings in Schwab U.S. REIT ETF by 1.0% in the 1st quarter. Dumac Inc. now owns 7,929,093 shares of the company’s stock valued at $170,396,000 after buying an additional 82,351 shares during the last quarter. Finally, Range Advisory LLC bought a new position in Schwab U.S. REIT ETF in the 2nd quarter valued at approximately $695,000.

Schwab U.S. REIT ETF Price Performance

NYSEARCA:SCHH opened at $22.50 on Friday. The firm’s 50 day simple moving average is $23.06 and its 200 day simple moving average is $23.38. Schwab U.S. REIT ETF has a one year low of $20.63 and a one year high of $25.03. The company has a market cap of $10.84 billion, a PE ratio of 34.50 and a beta of 0.93.

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.