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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $112.42 and last traded at $111.59, with a volume of 139944 shares trading hands. The stock had previously closed at $111.90.

SPDR Dow Jones REIT ETF Trading Down 1.1%

The stock has a market capitalization of $1.80 billion, a PE ratio of 36.49 and a beta of 0.99. The stock’s fifty day simple moving average is $106.90 and its 200-day simple moving average is $103.65.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

A number of hedge funds have recently bought and sold shares of RWR. Royal Bank of Canada boosted its holdings in SPDR Dow Jones REIT ETF by 0.9% during the 1st quarter. Royal Bank of Canada now owns 26,921 shares of the company’s stock worth $2,669,000 after acquiring an additional 234 shares during the last quarter. AQR Capital Management LLC purchased a new position in SPDR Dow Jones REIT ETF during the 1st quarter worth $262,000. Jones Financial Companies Lllp boosted its holdings in SPDR Dow Jones REIT ETF by 139.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,241 shares of the company’s stock worth $123,000 after acquiring an additional 723 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in SPDR Dow Jones REIT ETF by 81.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 17,713 shares of the company’s stock worth $1,708,000 after acquiring an additional 7,964 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in SPDR Dow Jones REIT ETF by 401.0% during the 2nd quarter. NewEdge Advisors LLC now owns 36,962 shares of the company’s stock worth $3,565,000 after acquiring an additional 29,585 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.