Equitable Holdings Inc. Makes New Investment in Schwab U.S. REIT ETF $SCHH

Equitable Holdings Inc. bought a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) during the 2nd quarter, Holdings Channel reports. The firm bought 54,020 shares of the company’s stock, valued at approximately $4,984,000.

Several other hedge funds have also made changes to their positions in SCHH. BlackRock Inc. purchased a new stake in shares of Schwab U.S. REIT ETF during the 2nd quarter valued at approximately $12,402,467,000. Financial Engines Advisors L.L.C. lifted its holdings in Schwab U.S. REIT ETF by 5.2% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 60,040,433 shares of the company’s stock valued at $1,254,245,000 after acquiring an additional 2,964,924 shares during the last quarter. US Bancorp DE lifted its holdings in Schwab U.S. REIT ETF by 2.1% in the fourth quarter. US Bancorp DE now owns 32,751,460 shares of the company’s stock valued at $684,184,000 after acquiring an additional 672,570 shares during the last quarter. Primecap Management Co. CA purchased a new position in Schwab U.S. REIT ETF in the second quarter worth approximately $2,317,905,000. Finally, Bank of America Corp DE purchased a new position in Schwab U.S. REIT ETF in the second quarter worth approximately $1,475,687,000.

Schwab U.S. REIT ETF Stock Down 1.0%

NYSEARCA:SCHH opened at $23.85 on Friday. Schwab U.S. REIT ETF has a 52 week low of $20.63 and a 52 week high of $25.03. The company has a market capitalization of $11.28 billion, a P/E ratio of 34.50 and a beta of 0.94. The stock’s fifty day moving average is $24.11 and its two-hundred day moving average is $23.31.

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.