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) by 7.4% during the third quarter, according to reports from Holdings Channel. The bank owned a total of 864,500 shares of this ETF after selling 69,500 shares during the quarter. As of its latest SEC filing, M&T Bank Corp's holdings in the Schwab U.S. REIT ETF were valued at approximately $20,030,000.

In addition to M&T Bank Corp's activity, several other institutional investors have also adjusted their positions in SCHH recently. For instance, Asset Allocation Strategies LLC increased its position in the Schwab U.S. REIT ETF by a substantial 382.0% in the third quarter. After purchasing an additional 67,484 shares, Asset Allocation Strategies LLC now holds a total of 85,151 shares valued at around $1,973,000. Furthermore, JDM Financial Group LLC entered a new stake in the Schwab U.S. REIT ETF valued at approximately $75,000 in the same period. Peloton Wealth Strategists also raised its stake by 5.1%, owning 79,955 shares worth about $1,853,000 after adding 3,890 shares during the quarter. Other notable investors include SGL Investment Advisors Inc., which acquired a new position valued at approximately $975,000, and Y Intercept Hong Kong Ltd, which invested about $293,000.

Performance Overview of Schwab U.S. REIT ETF

As of the latest trading session, 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, Schwab U.S. REIT ETF has reached a low of $18.45 and a high of $23.66. Investors will note that the 50-day and 200-day simple moving averages stand at $22.48 and $21.87, respectively.

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 comprises a variety of U.S. real estate investment trusts (REITs), excluding mortgage REITs and hybrid REITs. Launched on January 13, 2011, this ETF is managed by Charles Schwab.

investment, stocks, REIT