SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Sees Strong Trading Volume – Time to Buy?

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) shares saw unusually-strong trading volume on Wednesday . Approximately 901,329 shares changed hands during trading, an increase of 1,267% from the previous session’s volume of 65,913 shares.The stock last traded at $45.89 and had previously closed at $45.81.

SPDR Dow Jones Global Real Estate ETF Trading Down 0.7%

The firm’s 50-day moving average price is $45.56 and its 200 day moving average price is $44.96. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 28.96 and a beta of 0.97.

Hedge Funds Weigh In On SPDR Dow Jones Global Real Estate ETF

Several institutional investors have recently made changes to their positions in RWO. State Street Corp grew its stake in shares of SPDR Dow Jones Global Real Estate ETF by 4.4% in the 2nd quarter. State Street Corp now owns 6,154,007 shares of the company’s stock valued at $271,638,000 after buying an additional 258,486 shares during the period. Bank of America Corp DE raised its stake in SPDR Dow Jones Global Real Estate ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 1,524,934 shares of the company’s stock worth $69,796,000 after buying an additional 81,065 shares during the period. Quent Capital LLC boosted its holdings in SPDR Dow Jones Global Real Estate ETF by 7.6% in the third quarter. Quent Capital LLC now owns 468,563 shares of the company’s stock worth $21,446,000 after acquiring an additional 33,288 shares in the last quarter. Jane Street Group LLC grew its stake in SPDR Dow Jones Global Real Estate ETF by 1,264.1% in the second quarter. Jane Street Group LLC now owns 450,000 shares of the company’s stock valued at $19,863,000 after acquiring an additional 417,012 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in SPDR Dow Jones Global Real Estate ETF by 20.7% in the third quarter. Envestnet Asset Management Inc. now owns 400,614 shares of the company’s stock valued at $18,336,000 after acquiring an additional 68,808 shares during the period.

About SPDR Dow Jones Global Real Estate ETF

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market. The Index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries.