Elevation Point Wealth Partners LLC Makes New Investment in Schwab U.S. REIT ETF $SCHH

Elevation Point Wealth Partners LLC purchased a new position in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,009 shares of the company’s stock, valued at approximately $3,230,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHH. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Schwab U.S. REIT ETF in the 2nd quarter valued at $41,000. Fortress Financial Group LLC bought a new stake in Schwab U.S. REIT ETF in the second quarter worth $371,000. Persistent Asset Partners Ltd acquired a new position in Schwab U.S. REIT ETF during the second quarter worth $66,000. Strategic Wealth Advisors LLC acquired a new position in Schwab U.S. REIT ETF during the second quarter worth $71,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Schwab U.S. REIT ETF during the second quarter worth $30,000.

Schwab U.S. REIT ETF Price Performance

NYSEARCA SCHH opened at $24.04 on Friday. Schwab U.S. REIT ETF has a fifty-two week low of $20.63 and a fifty-two week high of $25.03. The stock’s 50-day moving average is $24.08 and its two-hundred day moving average is $23.22. The firm has a market cap of $11.37 billion, a P/E 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.