UNIVEST FINANCIAL Corp Purchases Shares of 98,042 Schwab U.S. REIT ETF $SCHH

UNIVEST FINANCIAL Corp acquired a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the second quarter, HoldingsChannel reports. The fund acquired 98,042 shares of the company’s stock, valued at approximately $9,046,000.

Several other institutional investors also recently modified their holdings of the company. Persistent Asset Partners Ltd bought a new stake in shares of Schwab U.S. REIT ETF in the 2nd quarter valued at about $66,000. Palisade Asset Management LLC acquired a new stake in Schwab U.S. REIT ETF in the 3rd quarter valued at about $25,000. Horizon Investments LLC bought a new position in Schwab U.S. REIT ETF during the fourth quarter worth about $25,000. Gilpin Wealth Management LLC bought a new position in Schwab U.S. REIT ETF during the fourth quarter worth about $25,000. Finally, NewEdge Advisors LLC raised its stake in 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 valued at $28,000 after buying an additional 1,004 shares during the period.

Schwab U.S. REIT ETF Stock Down 0.7%

SCHH opened at $23.93 on Tuesday. Schwab U.S. REIT ETF has a 12-month low of $20.63 and a 12-month high of $25.03. The business has a 50 day moving average of $24.08 and a 200-day moving average of $23.16. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94.

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.