PNC Financial Services Group Inc. Sells 285,904 Shares of Schwab U.S. REIT ETF $SCHH

PNC Financial Services Group Inc. lessened its holdings in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 35.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 516,843 shares of the company’s stock after selling 285,904 shares during the period. PNC Financial Services Group Inc. owned 0.12% of Schwab U.S. REIT ETF worth $11,107,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in shares of Schwab U.S. REIT ETF during the fourth quarter worth $208,000. Royal Bank of Canada lifted its stake in Schwab U.S. REIT ETF by 140.7% in the first quarter. Royal Bank of Canada now owns 127,006 shares of the company’s stock valued at $2,732,000 after buying an additional 74,243 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Schwab U.S. REIT ETF by 16.5% in the first quarter. Integrated Wealth Concepts LLC now owns 22,767 shares of the company’s stock valued at $490,000 after buying an additional 3,222 shares during the period. NewEdge Advisors LLC lifted 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. Finally, Jane Street Group LLC boosted its holdings in Schwab U.S. REIT ETF by 734.2% during the first quarter. Jane Street Group LLC now owns 117,136 shares of the company’s stock worth $2,520,000 after buying an additional 103,094 shares during the last quarter.

Schwab U.S. REIT ETF Trading Up 2.1%

Shares of SCHH opened at $24.86 on Friday. The stock has a market cap of $11.74 billion, a P/E ratio of 34.50 and a beta of 0.94. Schwab U.S. REIT ETF has a 1 year low of $20.63 and a 1 year high of $24.93. The stock’s 50-day moving average price is $23.85 and its two-hundred day moving average price is $22.83.

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.