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Real Estate ETF (SCHH) Hits New 52-Week High

For investors seeking momentum, Schwab US REIT ETF SCHH is probably on radar. The fund just hit a 52-week high, and is up roughly 19.7% from its 52-week low price of $36.29/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

SCHH in Focus    

It offers exposure to the broad U.S. real estate sector with key holdings in residential REITs, retail REITs, office REITs, specialized REITs and health care REITs. The ETF charges 7 bps in annual fees (see: all the Real Estate ETFs here).

Why the Move?

The real estate corner of the broad market has been an area to watch lately given the Fed’s dovish stance that has returned the lure for the rate-sensitive stocks. Additionally, still-unresolved U.S.-China trade war, global growth concerns, geopolitical tensions and Brexit concerns are making investors jittery, raising the appeal for these stocks. This is because these often act as a safe haven in times of market turbulence and concurrently offer higher returns due to their outsized yields.

More Gains Ahead?

Currently, SCHH has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.

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