SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Sees Large Volume Increase – Here’s Why

SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) saw an uptick in trading volume on Friday. 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 Trading Down 0.4%

The stock has a 50-day simple moving average of $47.64 and a 200-day simple moving average of $48.73. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.34 and a beta of 0.88.

Institutional Trading of SPDR Dow Jones Global Real Estate ETF

A number of hedge funds have recently made changes to their positions in RWO. Balance Wealth Partners LLC bought a new stake in shares of SPDR Dow Jones Global Real Estate ETF in the third quarter worth $29,000. Brown Lisle Cummings Inc. raised its holdings in SPDR Dow Jones Global Real Estate ETF by 1,008.2% in the second quarter. Brown Lisle Cummings Inc. now owns 676 shares of the company’s stock valued at $34,000 after acquiring an additional 615 shares in the last quarter. Allworth Financial LP raised its holdings in SPDR Dow Jones Global Real Estate ETF by 262.5% in the second quarter. Allworth Financial LP now owns 725 shares of the company’s stock valued at $34,000 after acquiring an additional 525 shares in the last quarter. First Community Trust NA acquired a new stake in SPDR Dow Jones Global Real Estate ETF in the third quarter valued at $42,000. Finally, Russell Investments Group Ltd. raised its holdings in SPDR Dow Jones Global Real Estate ETF by 1,324.7% in the third quarter. Russell Investments Group Ltd. now owns 1,154 shares of the company’s stock valued at $54,000 after acquiring an additional 1,073 shares in the last quarter.

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.