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

Schwab U.S. REIT ETF (NYSEARCA:SCHHGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.28 and last traded at $24.22, with a volume of 374404 shares traded. The stock had previously closed at $24.17.

Schwab U.S. REIT ETF Trading Down 0.4%

The company’s 50 day moving average is $23.22 and its 200-day moving average is $22.21. The company has a market capitalization of $10.21 billion, a P/E ratio of 34.50 and a beta of 0.95.

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

Several hedge funds have recently added to or reduced their stakes in the stock. AWM Capital LLC increased its position in Schwab U.S. REIT ETF by 0.5% during the fourth quarter. AWM Capital LLC now owns 96,432 shares of the company’s stock valued at $2,014,000 after acquiring an additional 460 shares during the last quarter. Swmg LLC grew its position in shares of Schwab U.S. REIT ETF by 4.8% during the fourth 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. Bigelow Investment Advisors LLC raised its stake in 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 valued at $527,000 after purchasing an additional 506 shares during the period. WealthShield Partners LLC raised its stake in Schwab U.S. REIT ETF by 1.6% during the 1st quarter. WealthShield Partners LLC now owns 35,437 shares of the company’s stock valued at $762,000 after purchasing an additional 541 shares during the period. Finally, Koshinski Asset Management Inc. raised its stake in Schwab U.S. REIT ETF by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 15,490 shares of the company’s stock valued at $324,000 after purchasing an additional 559 shares during the period.

About Schwab U.S. REIT ETF

(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.

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