SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Hits New 12-Month High – Still a Buy?

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $48.08 and last traded at $48.00, with a volume of 23023 shares traded. The stock had previously closed at $47.74.

SPDR Dow Jones Global Real Estate ETF Stock Performance

The firm’s 50 day simple moving average is $45.91 and its 200 day simple moving average is $45.50. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.96 and a beta of 0.97.

Institutional Investors Weigh In On SPDR Dow Jones Global Real Estate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RWO. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of SPDR Dow Jones Global Real Estate ETF in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC lifted 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 acquiring an additional 344 shares during the period. Strategic Advocates LLC acquired a new position in SPDR Dow Jones Global Real Estate ETF in the third quarter valued at approximately $57,000. PNC Financial Services Group Inc. grew its stake in shares of SPDR Dow Jones Global Real Estate ETF by 217.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,744 shares of the company’s stock worth $77,000 after purchasing an additional 1,194 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of SPDR Dow Jones Global Real Estate ETF by 140.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $91,000 after purchasing an additional 1,167 shares during the period.

SPDR Dow Jones Global Real Estate ETF Company Profile