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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $108.00 and last traded at $107.0410, with a volume of 10047 shares trading hands. The stock had previously closed at $106.76.

SPDR Dow Jones REIT ETF Trading Up 0.2%

The company has a market cap of $1.77 billion, a P/E ratio of 36.49 and a beta of 1.05. The company has a 50 day moving average price of $100.89 and a 200-day moving average price of $99.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RWR. Charles Schwab Investment Management Inc. increased its holdings in shares of SPDR Dow Jones REIT ETF by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,203,285 shares of the company’s stock worth $216,429,000 after buying an additional 110,318 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR Dow Jones REIT ETF by 20.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 679,746 shares of the company’s stock worth $65,555,000 after purchasing an additional 116,979 shares in the last quarter. LPL Financial LLC increased its holdings 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 worth $43,219,000 after purchasing an additional 120,601 shares in the last quarter. Millennium Management LLC raised its position in SPDR Dow Jones REIT ETF by 11.7% in the fourth quarter. Millennium Management LLC now owns 433,079 shares of the company’s stock valued at $42,541,000 after purchasing an additional 45,331 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of SPDR Dow Jones REIT ETF by 52.9% during the second quarter. Envestnet Asset Management Inc. now owns 423,587 shares of the company’s stock valued at $40,851,000 after purchasing an additional 146,570 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.