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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) reached a new 52-week high on Tuesday . The company traded as high as $23.05 and last traded at $22.8550, with a volume of 453925 shares. The stock had previously closed at $22.81.

Schwab U.S. REIT ETF Trading Up 0.5%

The firm’s fifty day moving average is $21.32 and its 200-day moving average is $21.32. The stock has a market capitalization of $9.76 billion, a PE ratio of 34.50 and a beta of 0.99.

Institutional Trading of Schwab U.S. REIT ETF

Institutional investors have recently added to or reduced their stakes in the stock. Horizon Investments LLC acquired a new position in Schwab U.S. REIT ETF during the fourth quarter worth $25,000. Palisade Asset Management LLC purchased a new stake in shares of Schwab U.S. REIT ETF in the 3rd quarter valued at $25,000. Gilpin Wealth Management LLC acquired a new position in Schwab U.S. REIT ETF during the 4th quarter worth about $25,000. Blue Trust Inc. purchased a new position in Schwab U.S. REIT ETF during the 3rd quarter valued at about $26,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Schwab U.S. REIT ETF in the 4th quarter valued at about $26,000.

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.