SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 12-Month High – Should You Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $110.37 and last traded at $110.14, with a volume of 11112 shares traded. The stock had previously closed at $109.13.

SPDR Dow Jones REIT ETF Stock Performance

The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 36.49 and a beta of 0.99. The company has a 50-day moving average price of $105.49 and a 200-day moving average price of $102.36.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

Several institutional investors and hedge funds have recently modified their holdings of RWR. Millennium Management LLC grew its position in shares of SPDR Dow Jones REIT ETF by 68.9% in the 3rd quarter. Millennium Management LLC now owns 387,748 shares of the company’s stock valued at $38,887,000 after purchasing an additional 158,152 shares during the period. St. Clair Advisors LLC acquired a new position in shares of SPDR Dow Jones REIT ETF in the 4th quarter valued at approximately $12,697,000. LPL Financial LLC grew its position in shares of SPDR Dow Jones REIT ETF by 37.8% in the 4th quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock valued at $43,219,000 after purchasing an additional 120,601 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of SPDR Dow Jones REIT ETF by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,203,285 shares of the company’s stock valued at $216,429,000 after purchasing an additional 110,318 shares during the period. Finally, Evergreen Capital Management LLC grew its position in shares of SPDR Dow Jones REIT ETF by 109.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 96,206 shares of the company’s stock valued at $9,648,000 after purchasing an additional 50,276 shares during the period.

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.