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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s share price hit a new 52-week high on Friday . The company traded as high as $109.32 and last traded at $109.31, with a volume of 29848 shares traded. The stock had previously closed at $108.10.

SPDR Dow Jones REIT ETF Stock Up 1.6%

The firm has a market capitalization of $1.82 billion, a P/E ratio of 36.49 and a beta of 1.02. The business’s 50 day moving average is $104.90 and its 200-day moving average is $101.58.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

A number of institutional investors have recently modified their holdings of RWR. Corient Private Wealth LLC boosted its stake in SPDR Dow Jones REIT ETF by 16.9% in the fourth quarter. Corient Private Wealth LLC now owns 7,374 shares of the company’s stock valued at $726,000 after buying an additional 1,065 shares in the last quarter. Cambient Family Office LLC acquired a new position in SPDR Dow Jones REIT ETF during the fourth quarter worth about $503,000. WealthPoint Financial LLC acquired a new position in SPDR Dow Jones REIT ETF during the fourth quarter worth about $274,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of SPDR Dow Jones REIT ETF by 1.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,665 shares of the company’s stock worth $2,718,000 after acquiring an additional 279 shares during the last quarter. Finally, Wealthspire Retirement LLC boosted its stake in shares of SPDR Dow Jones REIT ETF by 26.9% in the 4th quarter. Wealthspire Retirement LLC now owns 38,026 shares of the company’s stock valued at $3,735,000 after purchasing an additional 8,050 shares in the last quarter.

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.