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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s share price reached a new 52-week high on Thursday . The stock traded as high as $116.62 and last traded at $116.53, with a volume of 42530 shares traded. The stock had previously closed at $114.32.

SPDR Dow Jones REIT ETF Stock Performance

The business has a 50 day simple moving average of $111.84 and a 200-day simple moving average of $106.66. The stock has a market cap of $1.90 billion, a P/E ratio of 36.49 and a beta of 0.97.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Clayton Financial Group LLC purchased a new stake in shares of SPDR Dow Jones REIT ETF during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC increased its holdings in shares of SPDR Dow Jones REIT ETF by 153.4% in the 3rd quarter. Larson Financial Group LLC now owns 294 shares of the company’s stock worth $30,000 after buying an additional 178 shares during the last quarter. CWM LLC increased its holdings in shares of SPDR Dow Jones REIT ETF by 119.7% in the 4th quarter. CWM LLC now owns 323 shares of the company’s stock worth $32,000 after buying an additional 176 shares during the last quarter. CX Institutional raised its position in shares of SPDR Dow Jones REIT ETF by 852.9% during the 2nd quarter. CX Institutional now owns 324 shares of the company’s stock valued at $37,000 after buying an additional 290 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in SPDR Dow Jones REIT ETF during the fourth quarter worth about $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.