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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) shares reached a new 52-week high on Tuesday . The company traded as high as $23.05 and last traded at $22.8550, with a volume of 453925 shares traded. The stock had previously closed at $22.81.

Schwab U.S. REIT ETF Trading Up 0.2%

The stock has a market capitalization of $9.66 billion, a P/E ratio of 34.50 and a beta of 0.99. The business has a fifty day simple moving average of $21.40 and a 200 day simple moving average of $21.34.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHH. Birchwood Financial Partners Inc. purchased a new position in shares of Schwab U.S. REIT ETF in the 4th quarter worth approximately $99,000. Corient Private Wealth LLC boosted its position in Schwab U.S. REIT ETF by 75.1% in the fourth quarter. Corient Private Wealth LLC now owns 52,649 shares of the company’s stock worth $1,104,000 after purchasing an additional 22,581 shares during the last quarter. Jacobs Equity LLC bought a new position in Schwab U.S. REIT ETF in the 4th quarter valued at $245,000. Mercer Global Advisors Inc. ADV grew its stake in Schwab U.S. REIT ETF by 11.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 122,185 shares of the company’s stock valued at $2,552,000 after purchasing an additional 12,477 shares during the period. Finally, Beacon Pointe Advisors LLC increased its position in shares of Schwab U.S. REIT ETF by 128.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 603,192 shares of the company’s stock valued at $12,601,000 after purchasing an additional 339,056 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.