SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Hits New 12-Month High – Time to Buy?

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $50.70 and last traded at $50.70, with a volume of 8804 shares. The stock had previously closed at $50.23.

SPDR Dow Jones Global Real Estate ETF Trading Up 1.2%

The stock’s 50-day moving average price is $49.37 and its 200-day moving average price is $47.95. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 28.96 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in SPDR Dow Jones Global Real Estate ETF by 65.3% in the fourth quarter. Brighton Jones LLC now owns 355,538 shares of the company’s stock worth $15,249,000 after purchasing an additional 140,482 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of SPDR Dow Jones Global Real Estate ETF by 9.4% during the 1st quarter. Royal Bank of Canada now owns 56,200 shares of the company’s stock worth $2,453,000 after buying an additional 4,838 shares in the last quarter. Jane Street Group LLC bought a new position in shares of SPDR Dow Jones Global Real Estate ETF during the 1st quarter worth approximately $1,440,000. State Street Corp grew its position in shares of SPDR Dow Jones Global Real Estate ETF by 4.4% during the 2nd quarter. State Street Corp now owns 6,154,007 shares of the company’s stock worth $271,638,000 after buying an additional 258,486 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of SPDR Dow Jones Global Real Estate ETF by 3.4% during the 2nd quarter. Raymond James Financial Inc. now owns 351,013 shares of the company’s stock worth $15,494,000 after buying an additional 11,421 shares during the period.

About SPDR Dow Jones Global Real Estate ETF