Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sets New 1-Year High – Should You Buy?

Schwab U.S. REIT ETF (NYSEARCA:SCHHGet Free Report) hit a new 52-week high on Thursday . The company traded as high as $24.39 and last traded at $24.38, with a volume of 592146 shares. The stock had previously closed at $24.01.

Schwab U.S. REIT ETF Trading Up 1.9%

The company has a 50 day moving average of $23.69 and a 200-day moving average of $22.66. The firm has a market capitalization of $11.55 billion, a P/E ratio of 34.50 and a beta of 0.94.

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

Several institutional investors and hedge funds have recently bought and sold shares of SCHH. Horizon Investments LLC acquired a new position in shares of Schwab U.S. REIT ETF during the 4th quarter worth $25,000. Palisade Asset Management LLC acquired a new position in Schwab U.S. REIT ETF during the third quarter worth about $25,000. Gilpin Wealth Management LLC bought a new position in shares of Schwab U.S. REIT ETF in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Schwab U.S. REIT ETF in the 4th quarter valued at approximately $26,000. Finally, NewEdge Advisors LLC boosted its position in Schwab U.S. REIT ETF by 313.8% in the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after buying an additional 1,004 shares in the last quarter.

Schwab U.S. REIT ETF Company Profile

(Get Free Report)

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.

Further Reading

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