SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Reaches New 1-Year High – Here’s Why

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $114.38 and last traded at $114.13, with a volume of 42938 shares traded. The stock had previously closed at $113.90.

SPDR Dow Jones REIT ETF Price Performance

The stock has a fifty day moving average of $109.34 and a 200 day moving average of $104.63. The firm has a market capitalization of $1.85 billion, a P/E ratio of 36.49 and a beta of 0.98.

Institutional Trading of SPDR Dow Jones REIT ETF

A number of hedge funds have recently bought and sold shares of the business. Cornerstone Wealth LLC TN bought a new stake in SPDR Dow Jones REIT ETF during the first quarter worth $234,000. Royal Bank of Canada lifted its holdings in SPDR Dow Jones REIT ETF by 18.0% during the first quarter. Royal Bank of Canada now owns 58,325 shares of the company’s stock worth $5,890,000 after acquiring an additional 8,897 shares during the period. Wealthspire Retirement LLC lifted its holdings in SPDR Dow Jones REIT ETF by 9.8% during the first quarter. Wealthspire Retirement LLC now owns 41,762 shares of the company’s stock worth $4,217,000 after acquiring an additional 3,736 shares during the period. CacheTech Inc. lifted its holdings in SPDR Dow Jones REIT ETF by 2.4% during the first quarter. CacheTech Inc. now owns 37,490 shares of the company’s stock worth $3,785,000 after acquiring an additional 864 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new stake in SPDR Dow Jones REIT ETF during the first quarter worth $99,000.

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.