Manning & Napier Advisors LLC Invests $6.09 Million in Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Manning & Napier Advisors LLC bought a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 289,276 shares of the company’s stock, valued at approximately $6,092,000. Manning & Napier Advisors LLC owned approximately 0.09% of Schwab U.S. REIT ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHH. Sanctuary Advisors LLC bought a new stake in shares of Schwab U.S. REIT ETF during the 2nd quarter worth approximately $263,000. Passive Capital Management LLC. increased its holdings in Schwab U.S. REIT ETF by 18.9% during the second quarter. Passive Capital Management LLC. now owns 209,478 shares of the company’s stock worth $4,183,000 after buying an additional 33,295 shares during the last quarter. Kades & Cheifetz LLC raised its position in Schwab U.S. REIT ETF by 8.2% during the third quarter. Kades & Cheifetz LLC now owns 44,872 shares of the company’s stock worth $1,040,000 after acquiring an additional 3,404 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in Schwab U.S. REIT ETF in the third quarter valued at $231,000. Finally, ZRC Wealth Management LLC grew its position in shares of Schwab U.S. REIT ETF by 5.8% in the 3rd quarter. ZRC Wealth Management LLC now owns 188,729 shares of the company’s stock valued at $4,373,000 after acquiring an additional 10,314 shares during the period.

Schwab U.S. REIT ETF Stock Performance

Shares of SCHH stock opened at $21.03 on Thursday. Schwab U.S. REIT ETF has a 52-week low of $18.45 and a 52-week high of $23.66. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 26.49 and a beta of 0.97. The firm’s 50-day moving average is $21.60 and its 200-day moving average is $22.09.

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.