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

Schwab U.S. REIT ETF (NYSEARCA:SCHHGet Free Report)’s share price reached 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. The stock had previously closed at $24.34.

Schwab U.S. REIT ETF Trading Up 2.3%

The business’s 50-day simple moving average is $23.81 and its two-hundred day simple moving average is $22.81. The company has a market capitalization of $11.75 billion, a PE ratio of 34.50 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Horizon Investments LLC purchased a new stake in Schwab U.S. REIT ETF during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in shares of Schwab U.S. REIT ETF in the third quarter worth $25,000. Gilpin Wealth Management LLC bought a new stake in shares of Schwab U.S. REIT ETF in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new stake in Schwab U.S. REIT ETF in the fourth quarter valued at $26,000. Finally, NewEdge Advisors LLC raised its holdings in Schwab U.S. REIT ETF by 313.8% in the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after acquiring an additional 1,004 shares in the last quarter.

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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