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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $114.38 and last traded at $114.13, with a volume of 42938 shares changing hands. The stock had previously closed at $113.90.

SPDR Dow Jones REIT ETF Stock Down 0.3%

The business has a 50 day moving average price of $108.92 and a two-hundred day moving average price of $104.47. The stock has a market cap of $1.86 billion, a P/E ratio of 36.49 and a beta of 0.98.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. acquired a new position in shares of SPDR Dow Jones REIT ETF in the 3rd quarter valued at $2,972,000. St. Clair Advisors LLC purchased a new stake in SPDR Dow Jones REIT ETF in the 4th quarter worth $12,697,000. Wealthcare Advisory Partners LLC increased its holdings in SPDR Dow Jones REIT ETF by 36.1% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 57,268 shares of the company’s stock worth $5,743,000 after acquiring an additional 15,182 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in SPDR Dow Jones REIT ETF in the 3rd quarter worth $1,540,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in SPDR Dow Jones REIT ETF by 81.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,914 shares of the company’s stock worth $1,182,000 after acquiring an additional 5,357 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.