Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sets New 52-Week High at $22.95

Schwab U.S. REIT ETF (NYSEARCA:SCHH)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $22.95 and last traded at $22.95, with a volume of 19773 shares traded. The stock had previously closed at $22.83.

Schwab U.S. REIT ETF Price Performance

The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 26.49 and a beta of 0.97. The firm has a 50 day simple moving average of $21.48 and a 200-day simple moving average of $20.31.

Institutional Trading of Schwab U.S. REIT ETF

Hedge funds have recently modified their holdings of the company. Charles Schwab Investment Advisory Inc. grew its stake in Schwab U.S. REIT ETF by 2.8% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 53,860,915 shares of the company’s stock valued at $1,093,377,000 after purchasing an additional 1,472,209 shares in the last quarter. US Bancorp DE boosted its stake in shares of Schwab U.S. REIT ETF by 4.6% during the 2nd quarter. US Bancorp DE now owns 27,274,731 shares of the company’s stock worth $544,680,000 after acquiring an additional 1,201,620 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Schwab U.S. REIT ETF by 7.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,837,684 shares of the company’s stock valued at $136,549,000 after acquiring an additional 480,848 shares during the period. Moisand Fitzgerald Tamayo LLC boosted its position in Schwab U.S. REIT ETF by 9.4% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 1,244,689 shares of the company’s stock worth $25,267,000 after purchasing an additional 106,505 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in shares of Schwab U.S. REIT ETF in the second quarter valued at about $23,895,000.

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.