Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sets New 12-Month High – Should You Buy?

Schwab U.S. REIT ETF (NYSEARCA:SCHH) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.93 and last traded at $23.89, with a volume of 2640716 shares. The stock had previously closed at $23.36.

Schwab U.S. REIT ETF Price Performance

The company has a market capitalization of $10.15 billion, a P/E ratio of 34.50 and a beta of 0.95. The stock has a 50-day moving average price of $23.12 and a 200-day moving average price of $22.17.

Hedge Funds Weigh In On Schwab U.S. REIT ETF

Hedge funds have recently made changes to their positions in the stock. Horizon Investments LLC acquired a new stake in Schwab U.S. REIT ETF during the fourth quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new stake in Schwab U.S. REIT ETF during the third quarter worth approximately $25,000. Gilpin Wealth Management LLC acquired a new stake in Schwab U.S. REIT ETF during the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in Schwab U.S. REIT ETF during the fourth quarter worth approximately $26,000. Finally, NewEdge Advisors LLC grew its stake in 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 worth $28,000 after purchasing an additional 1,004 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.