M Wealth Management LLC Makes New Investment in Schwab U.S. REIT ETF (NYSEARCA:SCHH)

M Wealth Management LLC bought a new stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,475 shares of the company’s stock, valued at approximately $663,000. Schwab U.S. REIT ETF accounts for about 0.6% of M Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Foster & Motley Inc. boosted its position in shares of Schwab U.S. REIT ETF by 0.7% during the 4th quarter. Foster & Motley Inc. now owns 904,666 shares of the company’s stock valued at $19,052,000 after purchasing an additional 6,633 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Schwab U.S. REIT ETF during the 4th quarter worth approximately $6,092,000. Stonegate Investment Group LLC bought a new position in Schwab U.S. REIT ETF in the fourth quarter worth approximately $953,000. Perigon Wealth Management LLC grew its position in Schwab U.S. REIT ETF by 14.9% in the 4th quarter. Perigon Wealth Management LLC now owns 139,873 shares of the company’s stock valued at $2,956,000 after purchasing an additional 18,177 shares during the period. Finally, Landmark Wealth Management LLC lifted its stake in shares of Schwab U.S. REIT ETF by 3.4% in the fourth quarter. Landmark Wealth Management LLC now owns 81,013 shares of the company’s stock valued at $1,706,000 after buying an additional 2,687 shares in the last quarter.

Schwab U.S. REIT ETF Stock Performance

Shares of NYSEARCA SCHH opened at $21.29 on Thursday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 26.49 and a beta of 0.97. Schwab U.S. REIT ETF has a fifty-two week low of $18.45 and a fifty-two week high of $23.66. The firm’s 50-day simple moving average is $21.60 and its 200 day simple moving average is $22.09.

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.