Shares of Schwab U.S. REIT ETF (NYSEARCA:SCHH – Get Free Report) hit a new 52-week high on Friday . The company traded as high as $23.16 and last traded at $23.1350, with a volume of 1891447 shares traded. The stock had previously closed at $22.98.
Schwab U.S. REIT ETF Price Performance
The firm has a 50-day simple moving average of $21.63 and a 200 day simple moving average of $21.42. The stock has a market capitalization of $9.84 billion, a P/E ratio of 34.50 and a beta of 0.99.
Hedge Funds Weigh In On Schwab U.S. REIT ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in Schwab U.S. REIT ETF in the fourth quarter valued at approximately $208,000. Royal Bank of Canada boosted 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 last quarter. Integrated Wealth Concepts LLC boosted its position in 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 worth $490,000 after purchasing an additional 3,222 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Schwab U.S. REIT ETF by 313.8% during the 1st 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 in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Schwab U.S. REIT ETF by 734.2% in the first quarter. Jane Street Group LLC now owns 117,136 shares of the company’s stock worth $2,520,000 after acquiring an additional 103,094 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.
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