Schwab U.S. REIT ETF (NYSEARCA:SCHH) Reaches New 52-Week High – Time to Buy?

Schwab U.S. REIT ETF (NYSEARCA:SCHH)’s share price reached a new 52-week high on Tuesday . The company traded as high as $22.41 and last traded at $22.36, with a volume of 8449809 shares changing hands. The stock had previously closed at $22.03.

Schwab U.S. REIT ETF Stock Performance

The company has a market cap of $9.51 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99. The stock’s fifty day moving average is $21.19 and its two-hundred day moving average is $21.27.

Institutional Investors Weigh In On Schwab U.S. REIT ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SCHH. Swmg LLC raised its position in shares of Schwab U.S. REIT ETF by 4.8% during the 4th quarter. Swmg LLC now owns 10,212 shares of the company’s stock valued at $224,000 after buying an additional 471 shares in the last quarter. Independent Solutions Wealth Management LLC increased its stake in Schwab U.S. REIT ETF by 0.6% during the third quarter. Independent Solutions Wealth Management LLC now owns 81,689 shares of the company’s stock worth $1,762,000 after acquiring an additional 501 shares during the last quarter. Bigelow Investment Advisors LLC increased its stake in Schwab U.S. REIT ETF by 2.0% during the fourth quarter. Bigelow Investment Advisors LLC now owns 25,250 shares of the company’s stock worth $527,000 after acquiring an additional 506 shares during the last quarter. Stableford Capital II LLC raised its position in Schwab U.S. REIT ETF by 2.5% during the third quarter. Stableford Capital II LLC now owns 21,943 shares of the company’s stock valued at $473,000 after purchasing an additional 527 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Schwab U.S. REIT ETF by 73.5% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock valued at $27,000 after purchasing an additional 538 shares during 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.