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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) reached a new 52-week high during trading on Friday . The stock traded as high as $23.23 and last traded at $23.18, with a volume of 360037 shares traded. The stock had previously closed at $23.08.

Schwab U.S. REIT ETF Price Performance

The firm has a market capitalization of $9.99 billion, a PE ratio of 34.50 and a beta of 0.98. The firm has a 50-day simple moving average of $22.37 and a 200-day simple moving average of $21.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV purchased a new position in Schwab U.S. REIT ETF in the third quarter worth about $555,000. Compound Planning Inc. purchased a new position in Schwab U.S. REIT ETF in the third quarter worth about $13,565,000. Dorato Capital Management purchased a new position in Schwab U.S. REIT ETF in the fourth quarter worth about $586,000. Courage Miller Partners LLC boosted its position in Schwab U.S. REIT ETF by 6.4% in the third quarter. Courage Miller Partners LLC now owns 514,416 shares of the company’s stock worth $11,092,000 after purchasing an additional 31,164 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its position in Schwab U.S. REIT ETF by 1,456.8% in the third quarter. Clearstead Advisors LLC now owns 150,212 shares of the company’s stock worth $3,240,000 after purchasing an additional 140,563 shares during the last quarter.

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.