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

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) shares saw strong trading volume on Wednesday . 601,765 shares traded hands during mid-day trading, an increase of 130% from the previous session’s volume of 261,317 shares.The stock last traded at $100.64 and had previously closed at $99.52.

SPDR Dow Jones REIT ETF Price Performance

The stock’s 50 day simple moving average is $100.39 and its two-hundred day simple moving average is $102.67. The company has a market capitalization of $1.56 billion, a P/E ratio of 27.69 and a beta of 1.00.

Hedge Funds Weigh In On SPDR Dow Jones REIT ETF

Several hedge funds have recently added to or reduced their stakes in RWR. Synergy Investment Management LLC acquired a new stake in shares of SPDR Dow Jones REIT ETF in the 4th quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its holdings in SPDR Dow Jones REIT ETF by 202.9% in the fourth quarter. Jones Financial Companies Lllp now owns 518 shares of the company’s stock worth $51,000 after purchasing an additional 347 shares during the period. Heck Capital Advisors LLC bought a new position in shares of SPDR Dow Jones REIT ETF during the fourth quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in shares of SPDR Dow Jones REIT ETF in the 3rd quarter valued at $89,000. Finally, Global Retirement Partners LLC increased its position in shares of SPDR Dow Jones REIT ETF by 18.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,134 shares of the company’s stock valued at $112,000 after buying an additional 177 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.