SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) saw strong trading volume on Thursday . Approximately 148,118 shares changed hands during mid-day trading, an increase of 171% from the previous session’s volume of 54,730 shares.The stock last traded at $50.38 and had previously closed at $49.72.

SPDR Dow Jones Global Real Estate ETF Price Performance

The stock has a 50-day simple moving average of $49.28 and a 200 day simple moving average of $47.84. The company has a market capitalization of $1.26 billion, a PE ratio of 28.96 and a beta of 0.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. New England Private Wealth Advisors LLC purchased a new position in SPDR Dow Jones Global Real Estate ETF during the 3rd quarter valued at about $1,178,000. WLTH Capital Management LLC purchased a new stake in shares of SPDR Dow Jones Global Real Estate ETF in the fourth quarter valued at about $4,494,000. Brooklyn FI LLC grew its position in shares of SPDR Dow Jones Global Real Estate ETF by 22.3% in the fourth quarter. Brooklyn FI LLC now owns 76,994 shares of the company’s stock valued at $3,466,000 after purchasing an additional 14,063 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of SPDR Dow Jones Global Real Estate ETF in the fourth quarter valued at approximately $786,000. Finally, Quent Long Short Global Small Cap Fund LP purchased a new position in shares of SPDR Dow Jones Global Real Estate ETF during the 4th quarter worth approximately $23,320,000.

About SPDR Dow Jones Global Real Estate ETF