Schwab U.S. REIT ETF (NYSEARCA:SCHH) Reaches New 1-Year High – Should You Buy?

Schwab U.S. REIT ETF (NYSEARCA:SCHH)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.28 and last traded at $24.28, with a volume of 987031 shares changing hands. The stock had previously closed at $23.87.

Schwab U.S. REIT ETF Trading Up 1.4%

The firm’s 50-day moving average is $23.59 and its 200 day moving average is $22.51. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94.

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

Several large investors have recently modified their holdings of the business. Horizon Investments LLC acquired a new stake in Schwab U.S. REIT ETF in the fourth quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in Schwab U.S. REIT ETF during the 3rd quarter worth about $25,000. Gilpin Wealth Management LLC acquired a new position in Schwab U.S. REIT ETF during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of Schwab U.S. REIT ETF in the 4th quarter valued at about $26,000. Finally, NewEdge Advisors LLC grew its position in shares of Schwab U.S. REIT ETF by 313.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after buying an additional 1,004 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.