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

Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH) reached a new 52-week high during trading on Friday . The company traded as high as $23.74 and last traded at $23.70, with a volume of 171089 shares trading hands. The stock had previously closed at $23.65.

Schwab U.S. REIT ETF Stock Down 0.3%

The business’s 50-day moving average price is $22.62 and its 200 day moving average price is $21.94. The company has a market capitalization of $10.00 billion, a P/E ratio of 34.50 and a beta of 0.97.

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

Large investors have recently added to or reduced their stakes in the business. Palisade Asset Management LLC purchased a new position in Schwab U.S. REIT ETF during the third quarter worth about $25,000. Horizon Investments LLC purchased a new position in Schwab U.S. REIT ETF during the fourth quarter worth about $25,000. Gilpin Wealth Management LLC purchased a new position in Schwab U.S. REIT ETF during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new position in Schwab U.S. REIT ETF during the fourth quarter worth about $26,000. Finally, Cullen Frost Bankers Inc. grew its position in Schwab U.S. REIT ETF by 73.5% during the third quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock worth $27,000 after buying an additional 538 shares in the last quarter.

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.