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

M&T Bank Corp has recently adjusted its investment in the Schwab U.S. REIT ETF (NYSEARCA:SCHH – Free Report), decreasing its holdings by 7.4% in the third quarter of the year. According to reports from Holdings Channel, following the sale of 69,500 shares during this period, M&T Bank now owns a total of 864,500 shares of the ETF. As of the latest SEC filing, the value of these holdings is approximately $20,030,000.

In addition to M&T Bank Corp, several other institutional investors have also made changes to their positions in SCHH recently. For instance, Asset Allocation Strategies LLC increased its stake significantly by 382.0% during the same quarter, bringing their total to 85,151 shares with a value of around $1,973,000 after adding 67,484 shares. Similarly, JDM Financial Group LLC established a new stake in the ETF valued at approximately $75,000.

Peloton Wealth Strategists also raised their holdings by 5.1%, owning 79,955 shares worth $1,853,000 after acquiring an additional 3,890 shares. SGL Investment Advisors Inc. made a new investment in the ETF, contributing about $975,000. Lastly, Y Intercept Hong Kong Ltd purchased shares in Schwab U.S. REIT ETF valued at $293,000 during the third quarter.

Performance Overview of Schwab U.S. REIT ETF

As of the latest market updates, shares of Schwab U.S. REIT ETF are trading at $20.87. The ETF has a market capitalization of $6.62 billion and a price-to-earnings (P/E) ratio of 26.49, with a beta of 0.97. Over the past 52 weeks, the ETF has reached a low of $18.45 and a high of $23.66, with a 50-day simple moving average at $22.48 and a 200-day simple moving average at $21.87.

About Schwab U.S. REIT ETF

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

M&T, Bank, REIT