Park Avenue Securities LLC Makes New Investment in SPDR Dow Jones REIT ETF $RWR
by Danessa Lincoln · The Markets DailyPark Avenue Securities LLC purchased a new stake in SPDR Dow Jones REIT ETF (NYSEARCA:RWR – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,040 shares of the company’s stock, valued at approximately $529,000.
Other institutional investors also recently modified their holdings of the company. FSA Wealth Partners Inc. lifted its position in shares of SPDR Dow Jones REIT ETF by 21.1% during the 3rd quarter. FSA Wealth Partners Inc. now owns 2,320 shares of the company’s stock worth $243,000 after buying an additional 404 shares during the last quarter. Citizens Financial Group Inc. RI bought a new position in SPDR Dow Jones REIT ETF in the third quarter valued at about $3,962,000. NTV Asset Management LLC bought a new position in SPDR Dow Jones REIT ETF in the third quarter valued at about $203,000. Evergreen Capital Management LLC bought a new position in SPDR Dow Jones REIT ETF in the third quarter valued at about $12,914,000. Finally, Rebalance LLC raised its stake in SPDR Dow Jones REIT ETF by 1.5% during the third quarter. Rebalance LLC now owns 24,951 shares of the company’s stock worth $2,618,000 after acquiring an additional 378 shares in the last quarter.
SPDR Dow Jones REIT ETF Trading Down 1.4%
Shares of NYSEARCA RWR opened at $111.33 on Friday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 36.49 and a beta of 0.94. SPDR Dow Jones REIT ETF has a 12 month low of $97.47 and a 12 month high of $119.65. The stock has a 50-day moving average price of $107.86 and a two-hundred day moving average price of $108.83.
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. Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security, which reflects that portion of securities shares that are accessible to investors.
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Want to see what other hedge funds are holding RWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Dow Jones REIT ETF (NYSEARCA:RWR – Free Report).