Schwab U.S. REIT ETF (NYSEARCA:SCHH) Hits New 1-Year High – Here’s What Happened
by Jessica Moore · The Cerbat GemShares of Schwab U.S. REIT ETF (NYSEARCA:SCHH – Get Free Report) reached a new 52-week high on Friday . The company traded as high as $23.74 and last traded at $23.70, with a volume of 171089 shares changing hands. The stock had previously closed at $23.65.
Schwab U.S. REIT ETF Price Performance
The stock has a fifty day moving average price of $22.62 and a two-hundred day moving average price of $21.94. The company has a market cap of $10.00 billion, a P/E ratio of 34.50 and a beta of 0.97.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Western Wealth Management LLC lifted its holdings in shares of Schwab U.S. REIT ETF by 5.1% in the first quarter. Western Wealth Management LLC now owns 18,213 shares of the company’s stock valued at $391,000 after purchasing an additional 890 shares in the last quarter. Orographic Financial Advisors LLC bought a new position in shares of Schwab U.S. REIT ETF in the first quarter valued at approximately $302,000. Waverly Advisors LLC lifted its holdings in shares of Schwab U.S. REIT ETF by 2,599.4% in the first quarter. Waverly Advisors LLC now owns 746,140 shares of the company’s stock valued at $16,035,000 after purchasing an additional 718,499 shares in the last quarter. Vivaldi Capital Management LP lifted its holdings in Schwab U.S. REIT ETF by 6.0% during the first quarter. Vivaldi Capital Management LP now owns 111,181 shares of the company’s stock worth $2,389,000 after acquiring an additional 6,300 shares during the period. Finally, Morningstar Investment Management LLC lifted its holdings in Schwab U.S. REIT ETF by 24.7% during the first quarter. Morningstar Investment Management LLC now owns 705,180 shares of the company’s stock worth $15,154,000 after acquiring an additional 139,699 shares during the period.
Schwab U.S. REIT ETF Company Profile
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.