SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sees Large Volume Increase – Still a Buy?

Posted by Thomas Dobrow on Nov 29th, 2024

Shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 927,786 shares were traded during trading, an increase of 220% from the previous session’s volume of 290,281 shares.The stock last traded at $108.03 and had previously closed at $108.61.

SPDR Dow Jones REIT ETF Trading Down 0.5 %

The firm has a market cap of $1.67 billion, a P/E ratio of 27.69 and a beta of 1.00. The business’s fifty day moving average price is $105.30 and its two-hundred day moving average price is $100.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD acquired a new position in SPDR Dow Jones REIT ETF in the 1st quarter valued at $283,000. Comerica Bank grew its position in SPDR Dow Jones REIT ETF by 8.2% in the 1st quarter. Comerica Bank now owns 8,729 shares of the company’s stock worth $823,000 after purchasing an additional 660 shares during the last quarter. Lynx Investment Advisory acquired a new stake in SPDR Dow Jones REIT ETF in the 2nd quarter worth $53,000. Rebalance LLC grew its position in SPDR Dow Jones REIT ETF by 0.4% in the 2nd quarter. Rebalance LLC now owns 35,012 shares of the company’s stock worth $3,260,000 after purchasing an additional 144 shares during the last quarter. Finally, Austin Private Wealth LLC grew its position in SPDR Dow Jones REIT ETF by 20.4% in the 2nd quarter. Austin Private Wealth LLC now owns 3,122 shares of the company’s stock worth $291,000 after purchasing an additional 528 shares during the last quarter.

SPDR Dow Jones REIT ETF Company Profile

(Get Free Report)

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.