SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sets New 52-Week High – Time to Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $111.18 and last traded at $110.50, with a volume of 313132 shares traded. The stock had previously closed at $110.41.

SPDR Dow Jones REIT ETF Price Performance

The firm’s 50 day moving average price is $105.70 and its 200-day moving average price is $102.63. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 36.49 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of SPDR Dow Jones REIT ETF by 0.9% during the first quarter. Royal Bank of Canada now owns 26,921 shares of the company’s stock valued at $2,669,000 after acquiring an additional 234 shares during the period. AQR Capital Management LLC acquired a new position in shares of SPDR Dow Jones REIT ETF during the 1st quarter worth about $262,000. Jones Financial Companies Lllp lifted its holdings in shares of SPDR Dow Jones REIT ETF by 139.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,241 shares of the company’s stock valued at $123,000 after purchasing an additional 723 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of SPDR Dow Jones REIT ETF by 81.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 17,713 shares of the company’s stock valued at $1,708,000 after purchasing an additional 7,964 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in SPDR Dow Jones REIT ETF by 401.0% in the 2nd quarter. NewEdge Advisors LLC now owns 36,962 shares of the company’s stock valued at $3,565,000 after acquiring an additional 29,585 shares in the last quarter.

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.