SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) saw unusually-strong trading volume on Friday . Approximately 236,053 shares changed hands during trading, an increase of 201% from the previous session’s volume of 78,368 shares.The stock last traded at $44.49 and had previously closed at $44.47.

SPDR Dow Jones Global Real Estate ETF Stock Down 0.3 %

The stock has a market cap of $1.26 billion, a P/E ratio of 20.77 and a beta of 0.95. The business has a 50 day moving average price of $43.37 and a 200 day moving average price of $45.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn FI LLC grew its stake in SPDR Dow Jones Global Real Estate ETF by 6,405.5% in the fourth quarter. Brooklyn FI LLC now owns 2,934,497 shares of the company’s stock worth $133,107,000 after purchasing an additional 2,889,389 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SPDR Dow Jones Global Real Estate ETF by 4.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 548,145 shares of the company’s stock worth $23,510,000 after purchasing an additional 22,078 shares in the last quarter. Quent Capital LLC grew its stake in SPDR Dow Jones Global Real Estate ETF by 10.2% in the fourth quarter. Quent Capital LLC now owns 366,574 shares of the company’s stock worth $15,722,000 after purchasing an additional 33,859 shares in the last quarter. Brighton Jones LLC grew its stake 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. Finally, Raymond James Financial Inc. purchased a new stake in SPDR Dow Jones Global Real Estate ETF during the fourth quarter worth $14,147,000.

About SPDR Dow Jones Global Real Estate ETF

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market. The Index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries.