Schwab U.S. REIT ETF (NYSEARCA:SCHH – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $23.93 and last traded at $23.89, with a volume of 2640716 shares trading hands. The stock had previously closed at $23.36.
Schwab U.S. REIT ETF Stock Up 2.3%
The business’s 50 day moving average is $23.00 and its two-hundred day moving average is $22.13. The firm has a market capitalization of $10.14 billion, a P/E ratio of 34.50 and a beta of 0.95.
Institutional Investors Weigh In On Schwab U.S. REIT ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Dedication LLC raised its stake in shares of Schwab U.S. REIT ETF by 47.0% during the first quarter. Asset Dedication LLC now owns 1,771 shares of the company’s stock valued at $38,000 after purchasing an additional 566 shares in the last quarter. Maripau Wealth Management LLC acquired a new position in Schwab U.S. REIT ETF during the first quarter worth about $328,000. Western Wealth Management LLC grew its holdings in Schwab U.S. REIT ETF by 5.1% during the first quarter. Western Wealth Management LLC now owns 18,213 shares of the company’s stock worth $391,000 after acquiring an additional 890 shares during the period. Orographic Financial Advisors LLC acquired a new position in Schwab U.S. REIT ETF during the first quarter worth about $302,000. Finally, Waverly Advisors LLC grew its holdings in Schwab U.S. REIT ETF by 2,599.4% during the first quarter. Waverly Advisors LLC now owns 746,140 shares of the company’s stock worth $16,035,000 after acquiring an additional 718,499 shares during the period.
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.
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