SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sets New 52-Week High – Should You Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) hit a new 52-week high on Friday . The stock traded as high as $114.39 and last traded at $114.04, with a volume of 25548 shares changing hands. The stock had previously closed at $113.41.

SPDR Dow Jones REIT ETF Price Performance

The business has a 50-day moving average of $110.26 and a 200-day moving average of $105.15. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 36.49 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RWR. Millennium Management LLC raised its stake in shares of SPDR Dow Jones REIT ETF by 68.9% during the 3rd quarter. Millennium Management LLC now owns 387,748 shares of the company’s stock worth $38,887,000 after purchasing an additional 158,152 shares in the last quarter. St. Clair Advisors LLC bought a new position in shares of SPDR Dow Jones REIT ETF in the fourth quarter valued at $12,697,000. LPL Financial LLC increased its holdings in SPDR Dow Jones REIT ETF by 37.8% during the fourth quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock worth $43,219,000 after buying an additional 120,601 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SPDR Dow Jones REIT ETF by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,203,285 shares of the company’s stock worth $216,429,000 after buying an additional 110,318 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in SPDR Dow Jones REIT ETF by 401.0% during the second quarter. NewEdge Advisors LLC now owns 36,962 shares of the company’s stock worth $3,565,000 after acquiring an additional 29,585 shares in the last quarter.

SPDR Dow Jones REIT ETF Company Profile

SPDR Dj Wilshire Reit ETF (the Fund), formerly SPDR Dow Jones REIT ETF, seeks to match the returns and characteristics of the Dow Jones U.S. Select REIT Index. The Dow Jones U.S. Select REIT Index consists of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960. Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security, which reflects that portion of securities shares that are accessible to investors.