SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 52-Week High – Here’s What Happened

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $119.13 and last traded at $118.97, with a volume of 33537 shares changing hands. The stock had previously closed at $116.70.

SPDR Dow Jones REIT ETF Trading Up 2.1%

The business’s fifty day simple moving average is $112.90 and its 200 day simple moving average is $107.53. The stock has a market cap of $1.91 billion, a P/E ratio of 36.49 and a beta of 0.97.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

A number of large investors have recently modified their holdings of RWR. Royal Bank of Canada increased its holdings in shares of SPDR Dow Jones REIT ETF by 0.9% in the first quarter. Royal Bank of Canada now owns 26,921 shares of the company’s stock valued at $2,669,000 after purchasing an additional 234 shares in the last quarter. AQR Capital Management LLC bought a new position in SPDR Dow Jones REIT ETF in the 1st quarter worth approximately $262,000. Jones Financial Companies Lllp lifted 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 buying an additional 723 shares in the last quarter. Qube Research & Technologies Ltd lifted 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 buying an additional 7,964 shares in the last quarter. Finally, NewEdge Advisors LLC lifted 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 buying an additional 29,585 shares in 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.