Meridian Wealth Management LLC Makes New Investment in Schwab U.S. REIT ETF $SCHH

Meridian Wealth Management LLC bought a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,424 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also made changes to their positions in the business. Portland Financial Advisors Inc grew its stake in shares of Schwab U.S. REIT ETF by 6.4% in the 1st quarter. Portland Financial Advisors Inc now owns 21,133 shares of the company’s stock valued at $455,000 after purchasing an additional 1,265 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in Schwab U.S. REIT ETF by 5.2% in the 1st quarter. Atria Wealth Solutions Inc. now owns 21,415 shares of the company’s stock valued at $461,000 after buying an additional 1,056 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Schwab U.S. REIT ETF in the 2nd quarter valued at $94,000. Envestnet Portfolio Solutions Inc. raised its position in Schwab U.S. REIT ETF by 5.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,866,902 shares of the company’s stock worth $166,464,000 after buying an additional 385,927 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of Schwab U.S. REIT ETF by 23.2% in the 1st quarter. EP Wealth Advisors LLC now owns 10,966 shares of the company’s stock worth $236,000 after acquiring an additional 2,068 shares during the period.

Schwab U.S. REIT ETF Stock Up 0.5%

Shares of NYSEARCA:SCHH opened at $21.15 on Wednesday. Schwab U.S. REIT ETF has a fifty-two week low of $18.25 and a fifty-two week high of $23.42. The firm’s 50-day simple moving average is $21.38 and its 200-day simple moving average is $21.29. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99.

Schwab U.S. REIT ETF Company 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.