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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $109.11 and last traded at $109.02, with a volume of 10743 shares changing hands. The stock had previously closed at $107.85.

SPDR Dow Jones REIT ETF Trading Up 1.1 %

The firm’s 50-day moving average price is $105.26 and its 200-day moving average price is $99.93. The stock has a market capitalization of $1.69 billion, a PE ratio of 27.69 and a beta of 1.00.

Institutional Trading of SPDR Dow Jones REIT ETF

Hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new stake in SPDR Dow Jones REIT ETF in the 2nd quarter worth about $36,000. EverSource Wealth Advisors LLC increased its stake in SPDR Dow Jones REIT ETF by 261.8% in the second quarter. EverSource Wealth Advisors LLC now owns 398 shares of the company’s stock worth $39,000 after purchasing an additional 288 shares during the period. VitalStone Financial LLC lifted its position in shares of SPDR Dow Jones REIT ETF by 114.1% during the second quarter. VitalStone Financial LLC now owns 409 shares of the company’s stock worth $38,000 after purchasing an additional 218 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of SPDR Dow Jones REIT ETF during the second quarter valued at $53,000. Finally, Waldron Private Wealth LLC bought a new position in shares of SPDR Dow Jones REIT ETF in the third quarter worth about $89,000.

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.