Schwab U.S. REIT ETF (NYSEARCA:SCHH) Hits New 12-Month High – What’s Next?

Schwab U.S. REIT ETF (NYSEARCA:SCHH) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.69 and last traded at $23.62, with a volume of 9197524 shares. The stock had previously closed at $23.31.

Schwab U.S. REIT ETF Stock Performance

The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 34.50 and a beta of 0.97. The company’s 50 day moving average is $22.50 and its 200 day moving average is $21.79.

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

A number of hedge funds have recently made changes to their positions in SCHH. AWM Capital LLC increased its position in shares of Schwab U.S. REIT ETF by 0.5% during the 4th quarter. AWM Capital LLC now owns 96,432 shares of the company’s stock worth $2,014,000 after purchasing an additional 460 shares in the last quarter. Swmg LLC increased 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 worth $224,000 after purchasing an additional 471 shares in the last quarter. Independent Solutions Wealth Management LLC increased its position in shares of Schwab U.S. REIT ETF by 0.6% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 81,689 shares of the company’s stock worth $1,762,000 after purchasing an additional 501 shares in the last quarter. Bigelow Investment Advisors LLC increased its position in shares of Schwab U.S. REIT ETF by 2.0% during the 4th quarter. Bigelow Investment Advisors LLC now owns 25,250 shares of the company’s stock worth $527,000 after purchasing an additional 506 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Schwab U.S. REIT ETF by 73.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock worth $27,000 after purchasing an additional 538 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.