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

Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) hit a new 52-week high on Tuesday . The stock traded as high as $22.41 and last traded at $22.36, with a volume of 8449809 shares traded. The stock had previously closed at $22.03.

Schwab U.S. REIT ETF Stock Performance

The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99. The business’s 50 day moving average is $21.19 and its 200-day moving average is $21.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Schwab U.S. REIT ETF during the fourth quarter worth about $208,000. Royal Bank of Canada boosted its holdings in shares of Schwab U.S. REIT ETF by 140.7% during the 1st quarter. Royal Bank of Canada now owns 127,006 shares of the company’s stock worth $2,732,000 after purchasing an additional 74,243 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Schwab U.S. REIT ETF by 16.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 22,767 shares of the company’s stock worth $490,000 after purchasing an additional 3,222 shares during the last quarter. NewEdge Advisors LLC lifted its position in Schwab U.S. REIT ETF by 313.8% during the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock worth $28,000 after buying an additional 1,004 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Schwab U.S. REIT ETF by 734.2% during the first quarter. Jane Street Group LLC now owns 117,136 shares of the company’s stock worth $2,520,000 after buying an additional 103,094 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.