M&T Bank Corp Reduces Stake in Schwab U.S. REIT ETF

M&T Bank Corp has recently decreased its investment in the Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 7.4% during the third quarter, according to reports from Holdings Channel. After selling 69,500 shares, M&T Bank Corp now holds a total of 864,500 shares in the ETF. The value of these holdings reached approximately $20,030,000 based on the latest filing with the SEC.

In addition to M&T Bank Corp, several other institutional investors have also made changes to their positions in SCHH. For example, Asset Allocation Strategies LLC significantly increased its stake by 382.0% during the third quarter, acquiring an additional 67,484 shares and bringing its total to 85,151 shares with a value of around $1,973,000. JDM Financial Group LLC has entered the market with a new investment in Schwab U.S. REIT ETF, worth about $75,000.

Moreover, Peloton Wealth Strategists raised its stake by 5.1%, now owning 79,955 shares valued at $1,853,000 after adding 3,890 shares in the same quarter. SGL Investment Advisors Inc. also acquired a new position valued at approximately $975,000. Y Intercept Hong Kong Ltd entered the market with a new investment in SCHH, estimated at $293,000.

Performance of Schwab U.S. REIT ETF

As of the latest trading session, shares of SCHH opened at $20.87. The ETF holds a market capitalization of $6.62 billion and has a price-to-earnings (P/E) ratio of 26.49, with a beta value of 0.97. Over the past year, the stock has fluctuated, hitting a low of $18.45 and a high of $23.66. The 50-day simple moving average stands at $22.48, while the 200-day average is at $21.87.

Overview of Schwab U.S. REIT ETF

The Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund that tracks the Dow Jones Equity All REIT Capped Index. This index is market-cap weighted and includes a range of U.S. real estate investment trusts, while excluding mortgage REITs and hybrid REITs. SCHH was launched on January 13, 2011, and is managed by Charles Schwab.

investment, ETF, Schwab