SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 1-Year High – Should You Buy?

Shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR) hit a new 52-week high during mid-day trading on Wednesday . The stock 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 Up 1.1%

The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 36.49 and a beta of 0.97. The business’s fifty day moving average is $111.24 and its 200 day moving average is $106.00.

Institutional Investors Weigh In On SPDR Dow Jones REIT ETF

Institutional investors have recently bought and sold shares of the company. CX Institutional grew its stake in 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 purchasing an additional 290 shares in the last quarter. WealthPoint Financial LLC lifted its holdings in SPDR Dow Jones REIT ETF by 21.2% during the 1st quarter. WealthPoint Financial LLC now owns 3,385 shares of the company’s stock valued at $342,000 after purchasing an additional 592 shares during the last quarter. Cornerstone Wealth LLC TN acquired a new stake in SPDR Dow Jones REIT ETF during the 1st quarter valued at $234,000. Royal Bank of Canada boosted its position 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 purchasing an additional 8,897 shares during the period. Finally, Wealthspire Retirement LLC increased its holdings in shares of SPDR Dow Jones REIT ETF by 9.8% in the first quarter. Wealthspire Retirement LLC now owns 41,762 shares of the company’s stock valued at $4,217,000 after purchasing an additional 3,736 shares during the last quarter.

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.