Phillips Financial Management LLC Sells 1,355 Shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR)

Phillips Financial Management LLC trimmed its stake in SPDR Dow Jones REIT ETF (NYSEARCA:RWR) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,662 shares of the company’s stock after selling 1,355 shares during the quarter. Phillips Financial Management LLC owned approximately 0.15% of SPDR Dow Jones REIT ETF worth $2,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of SPDR Dow Jones REIT ETF by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,267 shares of the company’s stock worth $550,000 after acquiring an additional 500 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SPDR Dow Jones REIT ETF by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,378 shares of the company’s stock worth $3,989,000 after acquiring an additional 530 shares during the period. Principal Financial Group Inc. bought a new position in shares of SPDR Dow Jones REIT ETF during the 4th quarter worth approximately $225,000. HighTower Advisors LLC boosted its stake in shares of SPDR Dow Jones REIT ETF by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 9,961 shares of the company’s stock worth $1,062,000 after acquiring an additional 201 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of SPDR Dow Jones REIT ETF during the 4th quarter worth approximately $1,085,000.

SPDR Dow Jones REIT ETF Price Performance

RWR opened at $98.87 on Thursday. The business has a fifty day simple moving average of $100.12 and a 200 day simple moving average of $103.02. The company has a market capitalization of $1.80 billion, a PE ratio of 34.60 and a beta of 1.11. SPDR Dow Jones REIT ETF has a 1 year low of $85.94 and a 1 year high of $109.48.

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.