Merit Financial Group LLC Has $611,000 Holdings in SPDR Dow Jones REIT ETF (NYSEARCA:RWR)

Merit Financial Group LLC boosted its stake in shares of SPDR Dow Jones REIT ETF (NYSEARCA:RWR) by 47.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,159 shares of the company’s stock after buying an additional 1,976 shares during the period. Merit Financial Group LLC’s holdings in SPDR Dow Jones REIT ETF were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RWR. DT Investment Partners LLC grew its stake in SPDR Dow Jones REIT ETF by 8.9% during the 4th quarter. DT Investment Partners LLC now owns 63,139 shares of the company’s stock valued at $6,242,000 after acquiring an additional 5,166 shares in the last quarter. Principal Securities Inc. grew its stake in SPDR Dow Jones REIT ETF by 65.3% during the 4th quarter. Principal Securities Inc. now owns 1,230 shares of the company’s stock valued at $122,000 after acquiring an additional 486 shares in the last quarter. Lee Financial Co grew its stake in SPDR Dow Jones REIT ETF by 11.5% during the 4th quarter. Lee Financial Co now owns 3,280 shares of the company’s stock valued at $324,000 after acquiring an additional 339 shares in the last quarter. Valmark Advisers Inc. grew its stake in SPDR Dow Jones REIT ETF by 5.5% during the 4th quarter. Valmark Advisers Inc. now owns 10,498 shares of the company’s stock valued at $1,038,000 after acquiring an additional 548 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in SPDR Dow Jones REIT ETF during the 4th quarter valued at about $225,000.

SPDR Dow Jones REIT ETF Price Performance

NYSEARCA:RWR opened at $98.32 on Tuesday. SPDR Dow Jones REIT ETF has a fifty-two week low of $83.14 and a fifty-two week high of $109.48. The stock’s 50-day moving average is $95.12 and its two-hundred day moving average is $98.80. The stock has a market cap of $1.93 billion, a PE ratio of 33.89 and a beta of 1.05.

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.