159,740 Shares in Schwab U.S. REIT ETF (NYSEARCA:SCHH) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Schwab U.S. REIT ETF (NYSEARCA:SCHH) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 159,740 shares of the company’s stock, valued at approximately $3,364,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Schwab U.S. REIT ETF by 49,667.6% during the third quarter. FMR LLC now owns 24,645,889 shares of the company’s stock worth $571,045,000 after buying an additional 24,596,367 shares during the period. US Bancorp DE grew its stake in Schwab U.S. REIT ETF by 3.1% in the 4th quarter. US Bancorp DE now owns 28,445,009 shares of the company’s stock valued at $599,055,000 after acquiring an additional 850,612 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Schwab U.S. REIT ETF by 9,727.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 856,099 shares of the company’s stock valued at $19,834,000 after buying an additional 847,388 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Schwab U.S. REIT ETF by 101.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,071,927 shares of the company’s stock valued at $24,837,000 after purchasing an additional 540,925 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its stake in Schwab U.S. REIT ETF by 910,294.5% in the 4th quarter. Tradewinds Capital Management LLC now owns 500,717 shares of the company’s stock worth $10,545,000 after acquiring an additional 500,662 shares during the period.

Schwab U.S. REIT ETF Stock Down 0.2 %

SCHH stock opened at $21.27 on Friday. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 32.19 and a beta of 1.06. The business has a fifty day simple moving average of $21.50 and a 200-day simple moving average of $22.02. Schwab U.S. REIT ETF has a 52 week low of $18.45 and a 52 week high of $23.66.

Schwab U.S. REIT ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.0985 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

About Schwab U.S. REIT ETF

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.