SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Sees Large Volume Increase – Here’s What Happened

SPDR Dow Jones REIT ETF (NYSEARCA:RWR) saw strong trading volume on Wednesday . 705,393 shares changed hands during 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 Price Performance

The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 34.60 and a beta of 1.11. The business has a fifty day moving average of $100.17 and a 200 day moving average of $102.86.

Institutional Trading of SPDR Dow Jones REIT ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of SPDR Dow Jones REIT ETF by 10.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,267 shares of the company’s stock valued at $550,000 after buying an additional 500 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SPDR Dow Jones REIT ETF by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 37,378 shares of the company’s stock worth $3,989,000 after purchasing an additional 530 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of SPDR Dow Jones REIT ETF during the fourth quarter worth about $225,000. HighTower Advisors LLC lifted its holdings in shares of SPDR Dow Jones REIT ETF by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 9,961 shares of the company’s stock valued at $1,062,000 after purchasing an additional 201 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of SPDR Dow Jones REIT ETF in the 4th quarter valued at about $1,085,000.

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.