Schwab U.S. REIT ETF (NYSEARCA:SCHH) Hits New 1-Year High – What’s Next?

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

Schwab U.S. REIT ETF Trading Up 0.1%

The stock has a market cap of $10.18 billion, a PE ratio of 34.50 and a beta of 0.95. The business has a fifty day simple moving average of $23.30 and a two-hundred day simple moving average of $22.25.

Institutional Trading of Schwab U.S. REIT ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Palisade Asset Management LLC purchased a new stake in shares of Schwab U.S. REIT ETF in the 3rd quarter worth approximately $25,000. Horizon Investments LLC bought a new position in Schwab U.S. REIT ETF in the 4th quarter valued at approximately $25,000. Gilpin Wealth Management LLC bought a new position in Schwab U.S. REIT ETF in the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new position in Schwab U.S. REIT ETF in the 4th quarter valued at approximately $26,000. Finally, NewEdge Advisors LLC lifted its position in Schwab U.S. REIT ETF by 313.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after acquiring 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.