Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sets New 52-Week High – Still a Buy?

Schwab U.S. REIT ETF (NYSEARCA:SCHHGet Free Report)’s share price hit a new 52-week high during mid-day 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 Stock Performance

The stock has a 50 day moving average of $22.79 and a 200-day moving average of $22.04. The firm has a market capitalization of $9.95 billion, a P/E ratio of 34.50 and a beta of 0.97.

Institutional Investors Weigh In On Schwab U.S. REIT ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHH. Brighton Jones LLC bought a new stake in shares of Schwab U.S. REIT ETF during the fourth quarter valued at about $208,000. Royal Bank of Canada increased its position in shares of Schwab U.S. REIT ETF by 140.7% during the first quarter. Royal Bank of Canada now owns 127,006 shares of the company’s stock valued at $2,732,000 after buying an additional 74,243 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Schwab U.S. REIT ETF by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 22,767 shares of the company’s stock valued at $490,000 after buying an additional 3,222 shares during the period. NewEdge Advisors LLC increased its position in shares of Schwab U.S. REIT ETF by 313.8% during the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock valued at $28,000 after buying an additional 1,004 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Schwab U.S. REIT ETF by 734.2% during the first quarter. Jane Street Group LLC now owns 117,136 shares of the company’s stock valued at $2,520,000 after buying an additional 103,094 shares during the period.

About Schwab U.S. REIT ETF

(Get Free Report)

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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