Cypress Point Wealth Management LLC Buys 21,721 Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Cypress Point Wealth Management LLC boosted its position in Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,276 shares of the company’s stock after purchasing an additional 21,721 shares during the quarter. Schwab U.S. REIT ETF makes up approximately 1.0% of Cypress Point Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Cypress Point Wealth Management LLC’s holdings in Schwab U.S. REIT ETF were worth $3,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Dedication LLC increased its position in shares of Schwab U.S. REIT ETF by 36.9% during the third quarter. Asset Dedication LLC now owns 1,650 shares of the company’s stock worth $38,000 after purchasing an additional 445 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of Schwab U.S. REIT ETF in the 3rd quarter valued at approximately $39,000. GSB Wealth Management LLC purchased a new stake in Schwab U.S. REIT ETF during the 3rd quarter worth approximately $42,000. AlphaCore Capital LLC raised its holdings in shares of Schwab U.S. REIT ETF by 329.7% in the third quarter. AlphaCore Capital LLC now owns 2,492 shares of the company’s stock worth $58,000 after buying an additional 1,912 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of Schwab U.S. REIT ETF by 61.1% during the third quarter. Carmichael Hill & Associates Inc. now owns 2,731 shares of the company’s stock worth $63,000 after buying an additional 1,036 shares during the period.

Schwab U.S. REIT ETF Stock Performance

Shares of SCHH opened at $21.33 on Friday. Schwab U.S. REIT ETF has a one year low of $18.45 and a one year high of $23.66. The stock has a market cap of $6.77 billion, a P/E ratio of 26.49 and a beta of 0.97. The stock has a 50-day moving average of $21.64 and a two-hundred day moving average of $22.06.

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.