SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Reaches New 12-Month High – Time to Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) shares hit a new 52-week high on Tuesday . The company traded as high as $112.62 and last traded at $112.41, with a volume of 143434 shares trading hands. The stock had previously closed at $109.81.

SPDR Dow Jones REIT ETF Price Performance

The company’s 50 day moving average price is $107.91 and its 200 day moving average price is $104.08. The firm has a market cap of $1.84 billion, a PE ratio of 36.49 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RWR. Bank of New York Mellon Corp lifted its position in shares of SPDR Dow Jones REIT ETF by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 15,423 shares of the company’s stock worth $1,557,000 after buying an additional 113 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of SPDR Dow Jones REIT ETF by 5.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,225 shares of the company’s stock valued at $219,000 after acquiring an additional 114 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of SPDR Dow Jones REIT ETF by 0.4% in the 1st quarter. Citizens Financial Group Inc. RI now owns 41,737 shares of the company’s stock valued at $4,214,000 after acquiring an additional 149 shares during the period. Smith Moore & CO. increased its holdings in shares of SPDR Dow Jones REIT ETF by 0.5% in the 4th quarter. Smith Moore & CO. now owns 29,131 shares of the company’s stock valued at $2,862,000 after acquiring an additional 150 shares during the period. Finally, Comerica Bank increased its holdings in shares of SPDR Dow Jones REIT ETF by 5.5% in the 4th quarter. Comerica Bank now owns 3,315 shares of the company’s stock valued at $326,000 after acquiring an additional 174 shares during the period.

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.