Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sets New 52-Week High – Still a Buy?

Schwab U.S. REIT ETF (NYSEARCA:SCHH)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $23.93 and last traded at $23.89, with a volume of 2640716 shares changing hands. The stock had previously closed at $23.36.

Schwab U.S. REIT ETF Trading Up 2.3%

The company’s 50-day moving average price is $23.00 and its two-hundred day moving average price is $22.13. The company has a market cap of $10.14 billion, a P/E ratio of 34.50 and a beta of 0.95.

Hedge Funds Weigh In On Schwab U.S. REIT ETF

Several large investors have recently made changes to their positions in the business. Asset Dedication LLC boosted its position in shares of Schwab U.S. REIT ETF by 47.0% during the 1st quarter. Asset Dedication LLC now owns 1,771 shares of the company’s stock valued at $38,000 after purchasing an additional 566 shares in the last quarter. Maripau Wealth Management LLC bought a new position in shares of Schwab U.S. REIT ETF during the 1st quarter valued at about $328,000. Western Wealth Management LLC boosted its position in shares of Schwab U.S. REIT ETF by 5.1% during the 1st quarter. Western Wealth Management LLC now owns 18,213 shares of the company’s stock valued at $391,000 after purchasing an additional 890 shares in the last quarter. Orographic Financial Advisors LLC bought a new position in shares of Schwab U.S. REIT ETF during the 1st quarter valued at about $302,000. Finally, Waverly Advisors LLC boosted its position in shares of Schwab U.S. REIT ETF by 2,599.4% during the 1st quarter. Waverly Advisors LLC now owns 746,140 shares of the company’s stock valued at $16,035,000 after purchasing an additional 718,499 shares in the last quarter.

Schwab U.S. REIT ETF Company Profile

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.