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

Shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR) reached a new 52-week high during trading on Monday . The stock traded as high as $114.38 and last traded at $114.13, with a volume of 42938 shares changing hands. The stock had previously closed at $113.90.

SPDR Dow Jones REIT ETF Stock Down 0.3%

The firm’s 50-day simple moving average is $108.92 and its 200-day simple moving average is $104.47. The firm has a market capitalization of $1.86 billion, a PE ratio of 36.49 and a beta of 0.98.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

A number of large investors have recently bought and sold shares of RWR. Millennium Management LLC increased its stake in SPDR Dow Jones REIT ETF by 68.9% in 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 during the period. St. Clair Advisors LLC purchased a new stake in SPDR Dow Jones REIT ETF during the 4th quarter valued at $12,697,000. LPL Financial LLC boosted its position in 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 period. Charles Schwab Investment Management Inc. boosted its position in 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 period. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in SPDR Dow Jones REIT ETF during the 3rd quarter valued at $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.