SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 52-Week High – Here’s What Happened

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) reached a new 52-week high during trading on Wednesday . The company traded as high as $116.59 and last traded at $115.67, with a volume of 148924 shares traded. The stock had previously closed at $114.38.

SPDR Dow Jones REIT ETF Stock Performance

The company has a 50-day simple moving average of $111.24 and a 200-day simple moving average of $106.00. The stock has a market cap of $1.88 billion, a P/E ratio of 36.49 and a beta of 0.97.

Institutional Trading of SPDR Dow Jones REIT ETF

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake 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 last quarter. LPL Financial LLC grew its stake in SPDR Dow Jones REIT ETF by 37.8% in the fourth quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock valued at $43,219,000 after acquiring an additional 120,601 shares during the period. Millennium Management LLC increased its holdings in shares of SPDR Dow Jones REIT ETF by 11.7% in the fourth quarter. Millennium Management LLC now owns 433,079 shares of the company’s stock worth $42,541,000 after acquiring an additional 45,331 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of SPDR Dow Jones REIT ETF by 3.0% in the fourth quarter. Mason Street Advisors LLC now owns 366,555 shares of the company’s stock worth $36,007,000 after acquiring an additional 10,750 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of SPDR Dow Jones REIT ETF by 1.8% during the first quarter. Private Advisor Group LLC now owns 139,614 shares of the company’s stock worth $14,097,000 after purchasing an additional 2,422 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.