Schwab U.S. REIT ETF (NYSEARCA:SCHH) Reaches New 1-Year High – What’s Next?

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

Schwab U.S. REIT ETF Price Performance

The stock has a market cap of $11.74 billion, a P/E ratio of 34.50 and a beta of 0.94. The company has a fifty day moving average price of $23.85 and a 200 day moving average price of $22.83.

Institutional Trading of Schwab U.S. REIT ETF

Several hedge funds have recently bought and sold shares of the business. Dorato Capital Management purchased a new stake in shares of Schwab U.S. REIT ETF in the fourth quarter worth approximately $586,000. Good Steward Wealth Advisors LLC bought a new position in shares of Schwab U.S. REIT ETF in the fourth quarter valued at approximately $4,522,000. BlueSky Wealth Advisors LLC boosted its position in shares of Schwab U.S. REIT ETF by 3.6% during the fourth quarter. BlueSky Wealth Advisors LLC now owns 1,026,973 shares of the company’s stock valued at $21,453,000 after buying an additional 36,125 shares during the last quarter. Cooke Wealth Management LLC purchased a new position in shares of Schwab U.S. REIT ETF during the fourth quarter valued at approximately $940,000. Finally, XY Planning Network Inc. bought a new stake in Schwab U.S. REIT ETF during the fourth quarter worth $460,000.

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.