SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Reaches New 12-Month High – Time to Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $112.62 and last traded at $112.41, with a volume of 143434 shares. The stock had previously closed at $109.81.

SPDR Dow Jones REIT ETF Trading Up 2.4%

The stock’s 50-day moving average is $107.91 and its 200-day moving average is $104.08. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 36.49 and a beta of 0.98.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

Several institutional investors and hedge funds have recently made changes to their positions in RWR. Millennium Management LLC boosted 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 valued at $38,887,000 after buying an additional 158,152 shares during the last quarter. St. Clair Advisors LLC purchased a new position in shares of SPDR Dow Jones REIT ETF during the 4th quarter valued at approximately $12,697,000. LPL Financial LLC boosted its stake in shares of SPDR Dow Jones REIT ETF by 37.8% during the 4th quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock valued at $43,219,000 after buying an additional 120,601 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SPDR Dow Jones REIT ETF by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,203,285 shares of the company’s stock valued at $216,429,000 after buying an additional 110,318 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of SPDR Dow Jones REIT ETF during the 3rd quarter valued at approximately $2,972,000.

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.