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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.28 and last traded at $24.28, with a volume of 987031 shares traded. The stock had previously closed at $23.87.

Schwab U.S. REIT ETF Stock Down 1.5%

The business’s 50 day simple moving average is $23.63 and its 200 day simple moving average is $22.55. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94.

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

Hedge funds have recently bought and sold shares of the company. Dorato Capital Management bought a new position in shares of Schwab U.S. REIT ETF during the 4th quarter worth approximately $586,000. Good Steward Wealth Advisors LLC bought a new stake in Schwab U.S. REIT ETF in the 4th quarter valued at $4,522,000. BlueSky Wealth Advisors LLC raised its stake in Schwab U.S. REIT ETF by 3.6% in the 4th quarter. BlueSky Wealth Advisors LLC now owns 1,026,973 shares of the company’s stock valued at $21,453,000 after acquiring an additional 36,125 shares during the period. Cooke Wealth Management LLC bought a new stake in Schwab U.S. REIT ETF in the 4th quarter valued at $940,000. Finally, Hantz Financial Services Inc. lifted its holdings in Schwab U.S. REIT ETF by 5.0% during the 4th quarter. Hantz Financial Services Inc. now owns 868,988 shares of the company’s stock valued at $18,153,000 after purchasing an additional 41,738 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.