July 28, 2021
Real Estate

Real Estate ETF (RWR) Hits New 52-Week High – July 21, 2021

For investors seeking momentum, SPDR Dow Jones REIT ETF (RWR Free Report) is probably on radar. The fund just hit a 52-week high and is up roughly 48.5% from its 52-week low price of $74.34/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.

Why the move?

The real estate corner of the broad market has been an area to watch lately. Low rates caused by the dovish Fed and fears for the delta variant of Covid-19 have been keeping the rates low and boosting the rate-sensitive sectors like real estate.

The rise in cost of shelter is also a…

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