SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sets New 52-Week High – Still a Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s share price hit a new 52-week high on Thursday . The company traded as high as $116.62 and last traded at $116.53, with a volume of 42530 shares trading hands. The stock had previously closed at $114.32.

SPDR Dow Jones REIT ETF Trading Up 2.1%

The firm has a market cap of $1.90 billion, a P/E ratio of 36.49 and a beta of 0.97. The business has a 50-day moving average of $111.84 and a two-hundred day moving average of $106.66.

Institutional Trading of SPDR Dow Jones REIT ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. City Holding Co. raised its position in shares of SPDR Dow Jones REIT ETF by 15.3% during the second quarter. City Holding Co. now owns 25,080 shares of the company’s stock worth $2,833,000 after acquiring an additional 3,325 shares during the last quarter. Camelot Technology Advisors Inc. grew its stake in shares of SPDR Dow Jones REIT ETF by 22.1% in the 2nd quarter. Camelot Technology Advisors Inc. now owns 8,275 shares of the company’s stock valued at $935,000 after buying an additional 1,499 shares during the period. Chesley Taft & Associates LLC acquired a new stake in SPDR Dow Jones REIT ETF in the second quarter valued at approximately $215,000. CX Institutional increased its stake in SPDR Dow Jones REIT ETF by 852.9% during the 2nd quarter. CX Institutional now owns 324 shares of the company’s stock valued at $37,000 after purchasing an additional 290 shares in the last quarter. Finally, WealthPoint Financial LLC increased its position in shares of SPDR Dow Jones REIT ETF by 21.2% during the first quarter. WealthPoint Financial LLC now owns 3,385 shares of the company’s stock worth $342,000 after acquiring an additional 592 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.