Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sets New 52-Week High – Here’s What Happened

Schwab U.S. REIT ETF (NYSEARCA:SCHH) shares reached a new 52-week high on Tuesday . The stock traded as high as $24.28 and last traded at $24.28, with a volume of 987031 shares changing hands. The stock had previously closed at $23.87.

Schwab U.S. REIT ETF Trading Up 1.4%

The company has a market cap of $11.37 billion, a P/E ratio of 34.50 and a beta of 0.94. The stock’s 50-day moving average price is $23.59 and its 200-day moving average price is $22.51.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SCHH. Dorato Capital Management purchased a new stake in Schwab U.S. REIT ETF during the fourth quarter worth about $586,000. Good Steward Wealth Advisors LLC purchased a new position in Schwab U.S. REIT ETF in the fourth quarter valued at about $4,522,000. BlueSky Wealth Advisors LLC grew its position in shares of Schwab U.S. REIT ETF by 3.6% during the 4th quarter. BlueSky Wealth Advisors LLC now owns 1,026,973 shares of the company’s stock valued at $21,453,000 after acquiring an additional 36,125 shares during the period. Cooke Wealth Management LLC bought a new position in shares of Schwab U.S. REIT ETF during the 4th quarter valued at approximately $940,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Schwab U.S. REIT ETF by 5.0% during the 4th quarter. Hantz Financial Services Inc. now owns 868,988 shares of the company’s stock worth $18,153,000 after purchasing an additional 41,738 shares during the last quarter.

Schwab U.S. REIT ETF Company Profile

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.