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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $114.95 and last traded at $114.64, with a volume of 194005 shares changing hands. The stock had previously closed at $113.48.

SPDR Dow Jones REIT ETF Stock Performance

The stock has a market cap of $1.87 billion, a P/E ratio of 36.49 and a beta of 0.97. The stock’s fifty day moving average is $110.67 and its 200 day moving average is $105.57.

Institutional Investors Weigh In On SPDR Dow Jones REIT ETF

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of SPDR Dow Jones REIT ETF by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 15,423 shares of the company’s stock valued at $1,557,000 after purchasing an additional 113 shares during the last quarter. Global Retirement Partners LLC lifted its position in SPDR Dow Jones REIT ETF by 5.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,225 shares of the company’s stock worth $219,000 after buying an additional 114 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in SPDR Dow Jones REIT ETF by 0.4% in the first quarter. Citizens Financial Group Inc. RI now owns 41,737 shares of the company’s stock worth $4,214,000 after buying an additional 149 shares during the last quarter. Smith Moore & CO. boosted its stake in SPDR Dow Jones REIT ETF by 0.5% during the fourth quarter. Smith Moore & CO. now owns 29,131 shares of the company’s stock worth $2,862,000 after buying an additional 150 shares during the period. Finally, Comerica Bank increased its position in SPDR Dow Jones REIT ETF by 5.5% during the fourth quarter. Comerica Bank now owns 3,315 shares of the company’s stock valued at $326,000 after acquiring an additional 174 shares during the last quarter.

SPDR Dow Jones REIT ETF Company Profile

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.