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

M&T Bank Corp has reduced its stake in the Schwab U.S. REIT ETF (NYSEARCA:SCHH – Free Report) by 7.4% during the third quarter of the year, according to reports from Holdings Channel. After selling 69,500 shares in the quarter, the bank now holds a total of 864,500 shares of the ETF. As per its latest filing with the SEC, the value of M&T Bank Corp's holdings in the Schwab U.S. REIT ETF stands at approximately $20,030,000.

During this period, multiple institutional investors have also adjusted their investments in SCHH. For instance, Asset Allocation Strategies LLC significantly increased its investment in the ETF by 382.0%, bringing its total number of shares owned to 85,151, with a total value of around $1,973,000 after acquiring an additional 67,484 shares. Meanwhile, JDM Financial Group LLC announced the acquisition of a new position in Schwab U.S. REIT ETF, valued at about $75,000 during the same quarter.

Additionally, Peloton Wealth Strategists increased their stake in SCHH by 5.1%, resulting in ownership of 79,955 shares worth approximately $1,853,000 after obtaining an extra 3,890 shares. SGL Investment Advisors Inc. also bought into the ETF, acquiring a new position valued around $975,000. Y Intercept Hong Kong Ltd is another firm that announced a new investment in SCHH, valued at approximately $293,000.

Schwab U.S. REIT ETF Stock Performance

As of the latest trading, shares of SCHH opened at $20.87. The ETF has a market capitalization of $6.62 billion, a price-to-earnings (P/E) ratio of 26.49, and a beta of 0.97. Over the past year, the Schwab U.S. REIT ETF has experienced a low of $18.45 and a high of $23.66. Current averages include a 50-day simple moving average of $22.48 and a 200-day simple moving average of $21.87.

About 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 consists of U.S. Real Estate Investment Trusts (REITs) while excluding mortgage REITs and hybrid REITs. The fund was launched on January 13, 2011, and is managed by Charles Schwab.

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