SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sets New 52-Week High – Should You Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) shares hit a new 52-week high during trading on Friday . The company traded as high as $114.39 and last traded at $114.04, with a volume of 25548 shares trading hands. The stock had previously closed at $113.41.

SPDR Dow Jones REIT ETF Trading Up 0.5%

The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 36.49 and a beta of 0.98. The firm’s 50 day moving average price is $110.26 and its two-hundred day moving average price is $105.15.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

A number of institutional investors have recently bought and sold shares of the business. Clayton Financial Group LLC bought a new stake in SPDR Dow Jones REIT ETF in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC boosted its stake in shares of SPDR Dow Jones REIT ETF by 153.4% during the 3rd quarter. Larson Financial Group LLC now owns 294 shares of the company’s stock worth $30,000 after acquiring an additional 178 shares during the period. CWM LLC boosted its stake in shares of SPDR Dow Jones REIT ETF by 119.7% during the 4th quarter. CWM LLC now owns 323 shares of the company’s stock worth $32,000 after acquiring an additional 176 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of SPDR Dow Jones REIT ETF during the 4th quarter worth approximately $42,000. Finally, Laurel Wealth Advisors LLC bought a new stake in SPDR Dow Jones REIT ETF in the 4th quarter valued at $44,000.

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.