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

M&T Bank Corp has decreased its shares in the Schwab U.S. REIT ETF (NYSEARCA:SCHH) by 7.4% during the third quarter, according to a report by Holdings Channel. Following the sale of 69,500 shares, the bank now holds a total of 864,500 shares in the ETF, with the total value of these holdings amounting to approximately $20,030,000 as detailed in its latest SEC filing.

Additionally, a number of other institutional investors have also adjusted their positions in SCHH recently. For instance, Asset Allocation Strategies LLC significantly increased its stake in the Schwab U.S. REIT ETF by 382.0% during the third quarter. This firm now owns 85,151 shares, valued at $1,973,000, after acquiring an additional 67,484 shares in the last quarter. Similarly, JDM Financial Group LLC has taken a fresh stake in the fund valued at around $75,000. Furthermore, Peloton Wealth Strategists raised its investment by 5.1% to hold 79,955 shares worth $1,853,000 following the purchase of an additional 3,890 shares. Other notable investors include SGL Investment Advisors Inc., which acquired shares worth about $975,000, and Y Intercept Hong Kong Ltd, which entered a new position valued at $293,000 during the same period.

Performance of Schwab U.S. REIT ETF

As of Friday, shares of SCHH were trading 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. It has experienced a 52-week low of $18.45 and a high of $23.66. The ETF's 50-day simple moving average is $22.48, while its 200-day simple moving average stands at $21.87.

About Schwab U.S. REIT ETF

The Schwab U.S. REIT ETF (SCHH) is designed to track the Dow Jones Equity All REIT Capped Index, a market-cap-weighted index focused on U.S. real estate investment trusts (REITs), excluding mortgage REITs and hybrid REITs. This ETF was launched on January 13, 2011, and is managed by Charles Schwab.

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