SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Trading Down 0.1% – Here’s What Happened

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX)’s stock price fell 0.1% during mid-day trading on Thursday . The stock traded as low as $26.82 and last traded at $26.89. 11,351 shares changed hands during trading, a decline of 71% from the average daily volume of 39,169 shares. The stock had previously closed at $26.93.

SPDR Dow Jones International Real Estate ETF Price Performance

The firm has a market cap of $260.56 million, a P/E ratio of 18.85 and a beta of 0.76. The company has a fifty day moving average of $27.69 and a 200-day moving average of $28.16.

Hedge Funds Weigh In On SPDR Dow Jones International Real Estate ETF

A number of hedge funds have recently bought and sold shares of RWX. Baker Avenue Asset Management LP raised its holdings in shares of SPDR Dow Jones International Real Estate ETF by 8.3% in the fourth quarter. Baker Avenue Asset Management LP now owns 379,759 shares of the company’s stock valued at $10,633,000 after purchasing an additional 29,126 shares during the last quarter. Parallel Advisors LLC purchased a new position in SPDR Dow Jones International Real Estate ETF during the fourth quarter worth about $329,000. Raymond James Financial Inc. purchased a new position in SPDR Dow Jones International Real Estate ETF during the second quarter worth about $81,000. Bank of Nova Scotia grew its position in SPDR Dow Jones International Real Estate ETF by 16.7% in the 1st quarter. Bank of Nova Scotia now owns 8,350 shares of the company’s stock worth $222,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Assetmark Inc. grew its position in SPDR Dow Jones International Real Estate ETF by 2.8% in the 1st quarter. Assetmark Inc. now owns 92,934 shares of the company’s stock worth $2,474,000 after purchasing an additional 2,568 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

About SPDR Dow Jones International Real Estate ETF

SPDR Dow Jones International Real Estate ETF (the Fund), formerly SPDR DJ Wilshire International Real Estate ETF, seeks to closely match the returns and characteristics of the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the Index), an equity index based upon the global (ex-US) 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 excluding the United States.