Davidson Trust Co. Makes New $1.26 Million Investment in SPDR Dow Jones REIT ETF $RWR

Davidson Trust Co. purchased a new position in shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR) during the third quarter, HoldingsChannel reports. The institutional investor purchased 11,999 shares of the company’s stock, valued at approximately $1,259,000.

Several other hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of SPDR Dow Jones REIT ETF by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 15,423 shares of the company’s stock valued at $1,557,000 after purchasing an additional 113 shares during the period. Citizens Financial Group Inc. RI lifted its position in SPDR Dow Jones REIT ETF by 0.4% during the first quarter. Citizens Financial Group Inc. RI now owns 41,737 shares of the company’s stock worth $4,214,000 after buying an additional 149 shares during the period. Wedmont Private Capital lifted its position in SPDR Dow Jones REIT ETF by 6.8% during the third quarter. Wedmont Private Capital now owns 2,473 shares of the company’s stock worth $257,000 after buying an additional 158 shares during the period. Kestra Advisory Services LLC boosted its stake in SPDR Dow Jones REIT ETF by 0.6% in the 1st quarter. Kestra Advisory Services LLC now owns 43,547 shares of the company’s stock worth $4,397,000 after buying an additional 248 shares during the last quarter. Finally, CX Institutional boosted its stake in SPDR Dow Jones REIT ETF by 852.9% in the 2nd quarter. CX Institutional now owns 324 shares of the company’s stock worth $37,000 after buying an additional 290 shares during the last quarter.

SPDR Dow Jones REIT ETF Price Performance

NYSEARCA RWR opened at $104.62 on Friday. SPDR Dow Jones REIT ETF has a 12 month low of $96.66 and a 12 month high of $119.65. The company has a 50-day moving average of $110.42 and a 200-day moving average of $110.40. The company has a market cap of $1.77 billion, a P/E ratio of 36.49 and a beta of 0.96.

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.