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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) hit a new 52-week high during trading on Thursday . The company traded as high as $23.93 and last traded at $23.75, with a volume of 2985526 shares changing hands. The stock had previously closed at $23.84.

Schwab U.S. REIT ETF Trading Down 0.4%

The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 34.50 and a beta of 0.97. The stock has a fifty day moving average price of $22.74 and a 200 day moving average price of $22.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SCHH. Horizon Investments LLC acquired a new position in shares of Schwab U.S. REIT ETF during the 4th quarter valued at about $25,000. Palisade Asset Management LLC bought a new stake in Schwab U.S. REIT ETF during the 3rd quarter valued at approximately $25,000. Gilpin Wealth Management LLC bought a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in Schwab U.S. REIT ETF during the 4th quarter valued at approximately $26,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Schwab U.S. REIT ETF by 73.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,270 shares of the company’s stock valued at $27,000 after purchasing an additional 538 shares during the period.

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.