SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Hits New 12-Month High – Should You Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $110.37 and last traded at $110.14, with a volume of 11112 shares trading hands. The stock had previously closed at $109.13.

SPDR Dow Jones REIT ETF Stock Performance

The company has a 50-day moving average of $105.49 and a 200-day moving average of $102.36. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 36.49 and a beta of 0.99.

Institutional Investors Weigh In On SPDR Dow Jones REIT ETF

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in SPDR Dow Jones REIT ETF by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,203,285 shares of the company’s stock valued at $216,429,000 after acquiring an additional 110,318 shares in the last quarter. LPL Financial LLC lifted its stake in SPDR Dow Jones REIT ETF by 37.8% in the 4th quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock valued at $43,219,000 after acquiring an additional 120,601 shares in the last quarter. Millennium Management LLC lifted its stake in SPDR Dow Jones REIT ETF by 11.7% in the 4th quarter. Millennium Management LLC now owns 433,079 shares of the company’s stock valued at $42,541,000 after acquiring an additional 45,331 shares in the last quarter. Mason Street Advisors LLC lifted its stake in SPDR Dow Jones REIT ETF by 3.0% in the 4th quarter. Mason Street Advisors LLC now owns 366,555 shares of the company’s stock valued at $36,007,000 after acquiring an additional 10,750 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in SPDR Dow Jones REIT ETF by 1.0% in the 3rd quarter. Truist Financial Corp now owns 227,728 shares of the company’s stock valued at $22,839,000 after acquiring an additional 2,365 shares in the last quarter.

SPDR Dow Jones REIT ETF Company Profile

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.