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Real Estate ETF (RWR) Hits New 52-Week High

Sweta Killa

For investors seeking momentum, SPDR Dow Jones REIT ETF RWR is probably on radar. The fund just hit a 52-week high and is up roughly 26.9% from its 52-week low price of $82.22/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

RWR in Focus

It offers exposure to the broad U.S. real estate sector with key holdings in office REITs, residential REITs, retail REITs and health care REITs. The ETF charges 25 bps in annual fees (see: all the Real Estate ETFs here).

Why the Move?

The real estate corner of the broad market has been an area to watch lately, given the Fed’s rate cut that raised the appeal for the rate-sensitive stocks. Additionally, still-unresolved U.S.-China trade war, global growth concerns, geopolitical tensions and Brexit concerns continued to fuel growth in the sector. This is because these often act as a safe haven in times of market turbulence and concurrently offer higher returns due to their outsized yields.

More Gains Ahead?

Currently, RWR has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many of the segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.

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SPDR Dow Jones REIT ETF (RWR): ETF Research Reports
 
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