SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Sees Unusually-High Trading Volume – Here’s Why

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) shares saw an uptick in trading volume on Friday. Approximately 371,963 shares changed hands during trading, an increase of 355% from the average daily volume of 81,839 shares. The stock last traded at $48.77 and had previously closed at $48.94.

SPDR Dow Jones Global Real Estate ETF Stock Performance

The stock has a market cap of $1.27 billion, a PE ratio of 23.34 and a beta of 0.88. The stock has a fifty day simple moving average of $47.64 and a two-hundred day simple moving average of $48.73.

Institutional Trading of SPDR Dow Jones Global Real Estate ETF

Hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in shares of SPDR Dow Jones Global Real Estate ETF by 7.2% during the third quarter. State Street Corp now owns 6,463,413 shares of the company’s stock worth $299,902,000 after acquiring an additional 433,765 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of SPDR Dow Jones Global Real Estate ETF by 8.0% in the third quarter. Independent Advisor Alliance now owns 23,768 shares of the company’s stock worth $1,175,000 after acquiring an additional 1,761 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of SPDR Dow Jones Global Real Estate ETF in the third quarter worth about $4,718,000. IFG Advisory LLC lifted its stake in shares of SPDR Dow Jones Global Real Estate ETF by 1.9% in the third quarter. IFG Advisory LLC now owns 25,755 shares of the company’s stock worth $1,195,000 after acquiring an additional 485 shares in the last quarter. Finally, Valmark Advisers Inc. acquired a new position in shares of SPDR Dow Jones Global Real Estate ETF in the third quarter worth about $4,900,000.

About SPDR Dow Jones Global Real Estate ETF

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market. The Index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries. The Fund’s investment manager is SSgA Funds Management, Inc.