SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 52-Week Low – Time to Sell?

Shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $85.39 and last traded at $86.33, with a volume of 321819 shares traded. The stock had previously closed at $88.55.

SPDR Dow Jones REIT ETF Stock Performance

The business’s 50-day simple moving average is $99.88 and its 200 day simple moving average is $101.97. The firm has a market cap of $1.63 billion, a P/E ratio of 33.90 and a beta of 1.11.

SPDR Dow Jones REIT ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a $0.6066 dividend. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RWR. Parallel Advisors LLC purchased a new stake in shares of SPDR Dow Jones REIT ETF in the 1st quarter worth $46,000. Wealth Enhancement Advisory Services LLC grew its holdings in SPDR Dow Jones REIT ETF by 16.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,375 shares of the company’s stock valued at $630,000 after purchasing an additional 882 shares during the period. Heck Capital Advisors LLC purchased a new stake in SPDR Dow Jones REIT ETF in the fourth quarter worth about $54,000. Vermillion Wealth Management Inc. bought a new position in shares of SPDR Dow Jones REIT ETF in the fourth quarter worth about $61,000. Finally, Snowden Capital Advisors LLC raised its stake in SPDR Dow Jones REIT ETF by 1.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 14,560 shares of the company’s stock worth $1,439,000 after acquiring an additional 194 shares during the period.

SPDR Dow Jones REIT ETF Company Profile

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.