Northwestern Mutual Wealth Management Co. Increases Stake in Schwab U.S. REIT ETF $SCHH

Northwestern Mutual Wealth Management Co. increased its stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,856,664 shares of the company’s stock after purchasing an additional 200,077 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 2.05% of Schwab U.S. REIT ETF worth $166,247,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Webster Bank N. A. bought a new position in shares of Schwab U.S. REIT ETF in the second quarter worth about $26,000. NewEdge Advisors LLC increased its stake in shares of Schwab U.S. REIT ETF by 313.8% in the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock worth $28,000 after purchasing an additional 1,004 shares in the last quarter. Howe & Rusling Inc. raised its position 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 valued at $34,000 after purchasing an additional 1,057 shares during the period. Abound Wealth Management lifted 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 valued at $41,000 after buying an additional 1,652 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in 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 buying an additional 973 shares during the period.

Schwab U.S. REIT ETF Stock Performance

Shares of SCHH stock opened at $21.50 on Friday. Schwab U.S. REIT ETF has a 52-week low of $18.25 and a 52-week high of $23.42. The firm has a market capitalization of $8.38 billion, a PE ratio of 34.50 and a beta of 0.99. The stock has a fifty day simple moving average of $21.33 and a two-hundred day simple moving average of $21.30.

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.