Schwab U.S. REIT ETF (NYSEARCA:SCHH) Reaches New 12-Month High – Should You Buy?

Schwab U.S. REIT ETF (NYSEARCA:SCHH)’s share price hit a new 52-week high on Thursday . The stock traded as high as $24.39 and last traded at $24.38, with a volume of 592146 shares trading hands. The stock had previously closed at $24.01.

Schwab U.S. REIT ETF Stock Up 0.0%

The firm’s 50 day simple moving average is $23.73 and its two-hundred day simple moving average is $22.70. The stock has a market cap of $11.61 billion, a P/E ratio of 34.50 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Palisade Asset Management LLC bought a new position in Schwab U.S. REIT ETF in the 3rd quarter worth about $25,000. Horizon Investments LLC acquired a new position in Schwab U.S. REIT ETF during the fourth quarter worth about $25,000. Gilpin Wealth Management LLC bought a new stake in shares of Schwab U.S. REIT ETF in the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new position in shares of Schwab U.S. REIT ETF in the fourth quarter valued at $26,000. Finally, NewEdge Advisors LLC raised its position in shares of Schwab U.S. REIT ETF by 313.8% during the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock worth $28,000 after purchasing an additional 1,004 shares during the period.

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.