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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.28 and last traded at $24.22, with a volume of 374404 shares trading hands. The stock had previously closed at $24.17.

Schwab U.S. REIT ETF Trading Down 0.4%

The firm has a 50 day moving average of $23.22 and a 200-day moving average of $22.21. The company has a market cap of $10.21 billion, a P/E ratio of 34.50 and a beta of 0.95.

Institutional Trading of Schwab U.S. REIT ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Palisade Asset Management LLC bought a new stake in Schwab U.S. REIT ETF during the 3rd quarter valued at approximately $25,000. Horizon Investments LLC bought a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at approximately $25,000. Gilpin Wealth Management LLC bought a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new position in Schwab U.S. REIT ETF during the 4th quarter valued at approximately $26,000. Finally, NewEdge Advisors LLC grew its holdings in Schwab U.S. REIT ETF by 313.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after buying an additional 1,004 shares in the last quarter.

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.