SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sets New 1-Year High – Should You Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) hit a new 52-week high during trading on Tuesday . The company traded as high as $104.82 and last traded at $104.4810, with a volume of 4110 shares trading hands. The stock had previously closed at $104.13.

SPDR Dow Jones REIT ETF Trading Up 0.9%

The stock’s fifty day moving average is $99.98 and its 200 day moving average is $99.44. The company has a market capitalization of $1.74 billion, a P/E ratio of 36.49 and a beta of 1.05.

Institutional Trading of SPDR Dow Jones REIT ETF

A number of large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in SPDR Dow Jones REIT ETF by 2.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,987,301 shares of the company’s stock worth $191,655,000 after acquiring an additional 54,646 shares during the period. JPMorgan Chase & Co. increased its holdings in SPDR Dow Jones REIT ETF by 20.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 679,746 shares of the company’s stock worth $65,555,000 after buying an additional 116,979 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SPDR Dow Jones REIT ETF by 52.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 423,587 shares of the company’s stock worth $40,851,000 after purchasing an additional 146,570 shares during the period. Millennium Management LLC raised its holdings in shares of SPDR Dow Jones REIT ETF by 68.9% during the third quarter. Millennium Management LLC now owns 387,748 shares of the company’s stock valued at $38,887,000 after acquiring an additional 158,152 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its position in SPDR Dow Jones REIT ETF by 3.0% in the fourth quarter. Mason Street Advisors LLC now owns 366,555 shares of the company’s stock valued at $36,007,000 after buying an additional 10,750 shares during the last quarter.

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.