SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 1-Year High – Time to Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $108.14 and last traded at $107.7210, with a volume of 7606 shares changing hands. The stock had previously closed at $107.15.

SPDR Dow Jones REIT ETF Trading Down 0.1%

The company has a 50 day moving average price of $101.19 and a 200-day moving average price of $100.05. The company has a market cap of $1.77 billion, a P/E ratio of 36.49 and a beta of 1.05.

Institutional Trading of SPDR Dow Jones REIT ETF

A number of hedge funds have recently added to or reduced their stakes in RWR. Cambient Family Office LLC acquired a new stake in SPDR Dow Jones REIT ETF during the 4th quarter worth about $503,000. WealthPoint Financial LLC bought a new stake in shares of SPDR Dow Jones REIT ETF during the 4th quarter valued at about $274,000. Corient Private Wealth LLC grew its stake in SPDR Dow Jones REIT ETF by 237.3% during the fourth quarter. Corient Private Wealth LLC now owns 21,278 shares of the company’s stock worth $2,090,000 after purchasing an additional 14,969 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in SPDR Dow Jones REIT ETF by 1.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,665 shares of the company’s stock worth $2,718,000 after purchasing an additional 279 shares during the period. Finally, Wealthspire Retirement LLC increased its holdings in shares of SPDR Dow Jones REIT ETF by 26.9% during the fourth quarter. Wealthspire Retirement LLC now owns 38,026 shares of the company’s stock valued at $3,735,000 after acquiring an additional 8,050 shares in the last quarter.

About SPDR Dow Jones REIT ETF

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.