Cypress Point Wealth Management LLC Purchases 4,927 Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Cypress Point Wealth Management LLC grew its stake in shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,555 shares of the company’s stock after acquiring an additional 4,927 shares during the quarter. Schwab U.S. REIT ETF comprises approximately 1.2% of Cypress Point Wealth Management LLC’s portfolio, making the stock its 19th biggest position. Cypress Point Wealth Management LLC’s holdings in Schwab U.S. REIT ETF were worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SCHH. CWA Asset Management Group LLC purchased a new position in Schwab U.S. REIT ETF in the third quarter worth about $382,000. Lewis Asset Management LLC bought a new stake in Schwab U.S. REIT ETF in the 3rd quarter worth approximately $233,000. Droms Strauss Advisors Inc. MO ADV increased its stake in Schwab U.S. REIT ETF by 4.3% in the 3rd quarter. Droms Strauss Advisors Inc. MO ADV now owns 23,196 shares of the company’s stock worth $537,000 after acquiring an additional 964 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in Schwab U.S. REIT ETF by 11.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 11,280 shares of the company’s stock worth $261,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Landmark Wealth Management LLC bought a new position in shares of Schwab U.S. REIT ETF during the 3rd quarter valued at approximately $1,815,000.

Schwab U.S. REIT ETF Price Performance

Shares of SCHH stock traded up $0.34 during mid-day trading on Friday, hitting $22.68. The stock had a trading volume of 5,475,949 shares, compared to its average volume of 3,659,408. The firm has a market capitalization of $7.20 billion, a P/E ratio of 26.49 and a beta of 0.97. Schwab U.S. REIT ETF has a 12-month low of $17.54 and a 12-month high of $23.66. The firm’s 50-day moving average is $22.84 and its two-hundred day moving average is $21.24.

Schwab U.S. REIT ETF 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.