SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 12-Month High – What’s Next?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s stock price hit a new 52-week high on Friday . The stock traded as high as $119.13 and last traded at $118.97, with a volume of 33537 shares changing hands. The stock had previously closed at $116.70.

SPDR Dow Jones REIT ETF Trading Up 2.0%

The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 36.49 and a beta of 0.97. The stock has a fifty day simple moving average of $112.68 and a 200-day simple moving average of $107.45.

Institutional Investors Weigh In On SPDR Dow Jones REIT ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clayton Financial Group LLC acquired a new position in SPDR Dow Jones REIT ETF during the 4th quarter valued at $27,000. Larson Financial Group LLC increased its holdings 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 purchasing an additional 178 shares during the period. CWM LLC raised its position in shares of SPDR Dow Jones REIT ETF by 119.7% during the fourth quarter. CWM LLC now owns 323 shares of the company’s stock valued at $32,000 after buying an additional 176 shares during the last quarter. CX Institutional lifted its stake in shares of SPDR Dow Jones REIT ETF by 852.9% in the second quarter. CX Institutional now owns 324 shares of the company’s stock valued at $37,000 after buying an additional 290 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in SPDR Dow Jones REIT ETF during the fourth quarter worth about $42,000.

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.