SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 12-Month High – Still a 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 $108.00 and last traded at $107.0410, with a volume of 10047 shares traded. The stock had previously closed at $106.76.

SPDR Dow Jones REIT ETF Stock Performance

The firm’s 50 day simple moving average is $100.56 and its 200 day simple moving average is $99.74. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 36.49 and a beta of 1.05.

Institutional Investors Weigh In On SPDR Dow Jones REIT ETF

Several hedge funds have recently added to or reduced their stakes in the business. Clayton Financial Group LLC purchased a new position in shares of SPDR Dow Jones REIT ETF during the 4th quarter valued at about $27,000. Larson Financial Group LLC grew its holdings in SPDR Dow Jones REIT ETF by 153.4% during the third quarter. Larson Financial Group LLC now owns 294 shares of the company’s stock worth $30,000 after acquiring an additional 178 shares during the period. Beacon Capital Management Inc. purchased a new position in SPDR Dow Jones REIT ETF during the second quarter valued at approximately $32,000. CWM LLC raised its position in SPDR Dow Jones REIT ETF by 119.7% during the fourth quarter. CWM LLC now owns 323 shares of the company’s stock valued at $32,000 after acquiring an additional 176 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in SPDR Dow Jones REIT ETF in the fourth quarter valued at approximately $42,000.

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.