SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) saw unusually-strong trading volume on Friday. 371,963 shares were traded during mid-day trading, an increase of 355% from the average daily volume of 81,839 shares. The stock last traded at $48.77 and had previously closed at $48.94.

SPDR Dow Jones Global Real Estate ETF Price Performance

The firm’s 50 day moving average price is $47.63 and its 200-day moving average price is $48.74. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 23.34 and a beta of 0.88.

Institutional Trading of SPDR Dow Jones Global Real Estate ETF

Hedge funds have recently bought and sold shares of the stock. EP Wealth Advisors LLC acquired a new stake in SPDR Dow Jones Global Real Estate ETF in the 3rd quarter worth $2,080,000. Steward Partners Investment Advisory LLC raised its position in shares of SPDR Dow Jones Global Real Estate ETF by 62.2% during the third quarter. Steward Partners Investment Advisory LLC now owns 2,015 shares of the company’s stock valued at $93,000 after buying an additional 773 shares during the last quarter. State Street Corp raised its position in shares of SPDR Dow Jones Global Real Estate ETF by 7.2% during the third quarter. State Street Corp now owns 6,463,413 shares of the company’s stock valued at $299,902,000 after buying an additional 433,765 shares during the last quarter. Independent Advisor Alliance raised its position in shares of SPDR Dow Jones Global Real Estate ETF by 8.0% during the third quarter. Independent Advisor Alliance now owns 23,768 shares of the company’s stock valued at $1,175,000 after buying an additional 1,761 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of SPDR Dow Jones Global Real Estate ETF in the third quarter valued at about $4,718,000.

About SPDR Dow Jones Global Real Estate ETF

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market. The Index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries. The Fund’s investment manager is SSgA Funds Management, Inc.