Schwab U.S. REIT ETF (NYSEARCA:SCHH) Hits New 52-Week High – Here’s What Happened

Schwab U.S. REIT ETF (NYSEARCA:SCHH)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $23.51 and last traded at $23.37, with a volume of 911094 shares changing hands. The stock had previously closed at $23.42.

Schwab U.S. REIT ETF Stock Performance

The business’s 50 day simple moving average is $22.47 and its 200-day simple moving average is $21.75. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 34.50 and a beta of 0.98.

Institutional Trading of Schwab U.S. REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHH. Horizon Investments LLC bought a new stake in shares of Schwab U.S. REIT ETF during the 4th quarter worth about $25,000. Palisade Asset Management LLC bought a new stake in shares of Schwab U.S. REIT ETF during the 3rd quarter worth about $25,000. Gilpin Wealth Management LLC bought a new stake in shares of Schwab U.S. REIT ETF during the 4th quarter worth about $25,000. Blue Trust Inc. bought a new stake in shares of Schwab U.S. REIT ETF during the 3rd quarter worth about $26,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Schwab U.S. REIT ETF during the 4th quarter worth about $26,000.

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.