Schwab U.S. REIT ETF (NYSEARCA:SCHH) Reaches New 12-Month High – Here’s What Happened

Schwab U.S. REIT ETF (NYSEARCA:SCHHGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $24.88 and last traded at $24.88, with a volume of 466690 shares trading hands. The stock had previously closed at $24.34.

Schwab U.S. REIT ETF Stock Performance

The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94. The business has a 50 day simple moving average of $23.81 and a 200-day simple moving average of $22.81.

Institutional Trading of Schwab U.S. REIT ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. SMI Advisory Services LLC purchased a new position in shares of Schwab U.S. REIT ETF in the 2nd quarter worth $230,000. Wealthcare Advisory Partners LLC raised its holdings in shares of Schwab U.S. REIT ETF by 11.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 137,744 shares of the company’s stock worth $3,262,000 after purchasing an additional 13,660 shares during the period. Focus Financial Network Inc. raised its holdings in shares of Schwab U.S. REIT ETF by 6.0% in the 2nd quarter. Focus Financial Network Inc. now owns 30,910 shares of the company’s stock worth $732,000 after purchasing an additional 1,741 shares during the period. Pine Haven Investment Counsel Inc lifted its stake in shares of Schwab U.S. REIT ETF by 13.1% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 25,572 shares of the company’s stock valued at $606,000 after purchasing an additional 2,958 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new position in shares of Schwab U.S. REIT ETF in the 2nd quarter valued at about $223,000.

Schwab U.S. REIT ETF Company Profile

(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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