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

Shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR) saw unusually-high trading volume on Wednesday . Approximately 705,393 shares changed hands during mid-day trading, an increase of 165% from the previous session’s volume of 265,759 shares.The stock last traded at $99.28 and had previously closed at $99.99.

SPDR Dow Jones REIT ETF Stock Down 0.2 %

The firm’s 50-day simple moving average is $100.24 and its 200 day simple moving average is $102.81. The stock has a market capitalization of $1.80 billion, a P/E ratio of 34.60 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RWR. Charles Schwab Investment Management Inc. boosted its stake in shares of SPDR Dow Jones REIT ETF by 28.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,528,333 shares of the company’s stock worth $249,951,000 after acquiring an additional 567,560 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of SPDR Dow Jones REIT ETF by 10.1% during the fourth quarter. Northern Trust Corp now owns 3,159,122 shares of the company’s stock valued at $312,311,000 after purchasing an additional 290,370 shares during the last quarter. Christian Investment Advisors Inc. acquired a new position in shares of SPDR Dow Jones REIT ETF in the 4th quarter valued at $11,967,000. BNP Paribas Financial Markets increased its stake in SPDR Dow Jones REIT ETF by 239.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 170,993 shares of the company’s stock worth $18,250,000 after purchasing an additional 120,693 shares in the last quarter. Finally, Fiduciary Family Office LLC purchased a new position in SPDR Dow Jones REIT ETF in the 4th quarter worth about $10,561,000.

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.