SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Sees Large Volume Increase – Still a Buy?

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) shares saw strong trading volume on Friday . Approximately 177,041 shares were traded during trading, an increase of 258% from the previous session’s volume of 49,517 shares.The stock last traded at $50.20 and had previously closed at $49.65.

SPDR Dow Jones Global Real Estate ETF Trading Up 1.2%

The firm’s 50-day moving average price is $49.23 and its 200 day moving average price is $47.70. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 28.96 and a beta of 0.91.

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

Several large investors have recently added to or reduced their stakes in the business. Quent Long Short Global Small Cap Fund LP bought a new position in shares of SPDR Dow Jones Global Real Estate ETF in the fourth quarter valued at approximately $23,320,000. New England Private Wealth Advisors LLC raised its position in SPDR Dow Jones Global Real Estate ETF by 2,004.3% in the 4th quarter. New England Private Wealth Advisors LLC now owns 541,448 shares of the company’s stock valued at $24,594,000 after buying an additional 515,718 shares during the last quarter. Jane Street Group LLC raised its position in SPDR Dow Jones Global Real Estate ETF by 1,264.1% in the 2nd quarter. Jane Street Group LLC now owns 450,000 shares of the company’s stock valued at $19,863,000 after buying an additional 417,012 shares during the last quarter. State Street Corp lifted its stake in SPDR Dow Jones Global Real Estate ETF by 4.4% during the 2nd quarter. State Street Corp now owns 6,154,007 shares of the company’s stock valued at $271,638,000 after acquiring an additional 258,486 shares in the last quarter. Finally, Henson Edgewater Management LLC bought a new position in SPDR Dow Jones Global Real Estate ETF during the 4th quarter valued at $6,525,000.

About SPDR Dow Jones Global Real Estate ETF