SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Stock Crosses Above 200-Day Moving Average – Here’s Why

SPDR Dow Jones REIT ETF (NYSEARCA:RWR – Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $108.69 and traded as high as $109.96. SPDR Dow Jones REIT ETF shares last traded at $109.73, with a volume of 154,707 shares trading hands.

SPDR Dow Jones REIT ETF Stock Performance

The stock’s fifty day moving average is $107.92 and its 200 day moving average is $108.79. The stock has a market cap of $1.90 billion, a P/E ratio of 36.49 and a beta of 0.94.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

Several hedge funds have recently modified their holdings of RWR. Evergreen Capital Management LLC purchased a new position in SPDR Dow Jones REIT ETF during the third quarter worth about $12,914,000. Citizens Financial Group Inc. RI purchased a new position in SPDR Dow Jones REIT ETF in the third quarter valued at $3,962,000. Commonwealth Equity Services LLC acquired a new position in SPDR Dow Jones REIT ETF during the 3rd quarter worth approximately $3,001,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of SPDR Dow Jones REIT ETF in the 2nd quarter valued at about $2,156,000. Finally, Moller Wealth Partners acquired a new position in SPDR Dow Jones REIT ETF during the third quarter worth approximately $1,372,000.

SPDR Dow Jones REIT ETF Company Profile

(Get Free Report)

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.

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