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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.16 and last traded at $23.1350, with a volume of 1891447 shares trading hands. The stock had previously closed at $22.98.

Schwab U.S. REIT ETF Price Performance

The stock has a market capitalization of $9.80 billion, a P/E ratio of 34.50 and a beta of 0.99. The business’s 50 day moving average price is $21.68 and its 200 day moving average price is $21.44.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. boosted its position in Schwab U.S. REIT ETF by 5.2% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 60,040,433 shares of the company’s stock valued at $1,254,245,000 after purchasing an additional 2,964,924 shares in the last quarter. US Bancorp DE lifted its position in shares of Schwab U.S. REIT ETF by 2.1% during the fourth quarter. US Bancorp DE now owns 32,751,460 shares of the company’s stock valued at $684,184,000 after buying an additional 672,570 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Schwab U.S. REIT ETF by 6.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,916,100 shares of the company’s stock valued at $186,257,000 after buying an additional 557,970 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Schwab U.S. REIT ETF by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,856,664 shares of the company’s stock valued at $166,247,000 after buying an additional 200,077 shares in the last quarter. Finally, Dumac Inc. purchased a new position in shares of Schwab U.S. REIT ETF in the 4th quarter worth approximately $163,918,000.

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.