SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Reaches New 52-Week High – Still a Buy?

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.00 and last traded at $46.9640, with a volume of 16613 shares trading hands. The stock had previously closed at $46.53.

SPDR Dow Jones Global Real Estate ETF Stock Up 1.1%

The stock has a market cap of $1.17 billion, a P/E ratio of 28.96 and a beta of 0.97. The company’s 50 day moving average price is $45.57 and its two-hundred day moving average price is $45.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RWO. Smartleaf Asset Management LLC increased its holdings in SPDR Dow Jones Global Real Estate ETF by 76.4% in the third quarter. Smartleaf Asset Management LLC now owns 794 shares of the company’s stock valued at $36,000 after buying an additional 344 shares in the last quarter. Strategic Advocates LLC acquired a new position in SPDR Dow Jones Global Real Estate ETF in the 3rd quarter valued at $57,000. PNC Financial Services Group Inc. boosted its position in SPDR Dow Jones Global Real Estate ETF by 217.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,744 shares of the company’s stock worth $77,000 after acquiring an additional 1,194 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of SPDR Dow Jones Global Real Estate ETF by 140.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $91,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of SPDR Dow Jones Global Real Estate ETF by 69.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,275 shares of the company’s stock worth $100,000 after acquiring an additional 935 shares during the last quarter.

SPDR Dow Jones Global Real Estate ETF Company Profile