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

M&T Bank Corp has decreased its investment in the Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 7.4% during the third quarter, as reported by Holdings Channel. Following the sale of 69,500 shares over this period, the bank now holds a total of 864,500 shares. The estimated market value of M&T Bank Corp’s holdings in the ETF was approximately $20,030,000 based on their latest SEC filing.

In addition to M&T Bank Corp, several other institutional investors have made changes to their positions in the Schwab U.S. REIT ETF. For instance, Asset Allocation Strategies LLC significantly increased its stake in the ETF, raising its holdings by 382.0% during the same period. They purchased an additional 67,484 shares, bringing their total to 85,151 shares valued at about $1,973,000.

Furthermore, JDM Financial Group LLC established a new position in the fund worth around $75,000. Peloton Wealth Strategists also expanded its holdings by 5.1%, now owning 79,955 shares valued at $1,853,000 after acquiring 3,890 additional shares. Similarly, SGL Investment Advisors Inc. and Y Intercept Hong Kong Ltd made new investments in the Schwab U.S. REIT ETF valued at approximately $975,000 and $293,000, respectively.

Stock Performance of Schwab U.S. REIT ETF

As of the latest data, 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, SCHH reached a low of $18.45 and a high of $23.66. The 50-day and 200-day simple moving averages for the shares stand at $22.48 and $21.87, respectively.

About Schwab U.S. REIT ETF

The Schwab U.S. REIT ETF (SCHH) tracks the Dow Jones Equity All REIT Capped Index, which includes U.S. real estate investment trusts and excludes mortgage and hybrid REITs. Launched on January 13, 2011, the ETF is managed by Charles Schwab.

M&T, Bank, ETF