Baker Avenue Asset Management LP has significantly expanded its investment footprint in the global real estate sector, strategically increasing its stake in the SPDR Dow Jones International Real Estate ETF (RWX). This recent move, detailed in their latest Form 13F filing with the SEC, underscores a growing confidence in international real estate markets among prominent institutional investors.

Specifically, Baker Avenue Asset Management LP boosted its holdings in the RWX ETF by a notable 7.0% during the first quarter. This acquisition involved purchasing an additional 7,356 shares, bringing their total ownership to 112,605 shares. As per their most recent SEC filing, the firm’s substantial investment in the SPDR Dow Jones International Real Estate ETF is valued at approximately $2,757,000, representing a significant 1.08% of the company’s stock.

This strategic investment by Baker Avenue is not an isolated incident; several other hedge funds and institutional investors have also adjusted their positions in the SPDR Dow Jones International Real Estate ETF. For instance, the National Bank of Canada FI demonstrated a particularly bullish stance, raising its holdings by a substantial 84.1% in the fourth quarter. This increase led their ownership to 1,121 shares, valued at $26,000, after acquiring 512 additional shares.

Further illustrating the broad institutional interest, Mascagni Wealth Management Inc. established a new position in the SPDR Dow Jones International Real Estate ETF during the fourth quarter, with an initial investment worth approximately $27,000. Concurrently, CWM LLC also significantly increased its exposure to the fund in the first quarter, elevating its position by 95.0% to now hold 3,424 shares valued at $84,000, through the purchase of 1,668 additional shares.

JPMorgan Chase & Co. similarly expanded its stake in the international real estate ETF, recording a remarkable 98.6% increase in the fourth quarter. Their current holding stands at 4,598 shares, valued at $106,000, following the acquisition of 2,283 additional shares. Rounding out these notable transactions, SBI Securities Co. Ltd. also lifted its position by 7.7% in the first quarter, bringing their total to 7,298 shares, with a valuation of $179,000 after purchasing 523 more shares. Collectively, these adjustments highlight that 64.39% of the ETF’s stock is currently owned by hedge funds and other institutional investors.

From a market performance perspective, the SPDR Dow Jones International Real Estate ETF opened at $26.80 on a recent Friday, reflecting its dynamic position in the market. The fund’s stability is further indicated by its 50-day simple moving average of $26.98 and a two-hundred-day simple moving average of $25.46, suggesting a consistent upward trend over the longer term.

Beyond daily trading figures, the ETF exhibits robust fundamental metrics. It commands a market capitalization of $323.88 million, alongside a price-to-earnings (PE) ratio of 18.85 and a beta of 0.84, indicating a moderate volatility compared to the broader market. The SPDR Dow Jones International Real Estate ETF has traded within a significant range over the past year, with a one-year low of $22.27 and a one-year high of $28.19, showcasing both its resilience and growth potential.

The SPDR Dow Jones International Real Estate ETF, previously known as SPDR DJ Wilshire International Real Estate ETF, is designed to mirror the returns and characteristics of the Dow Jones Global ex-U.S. Select Real Estate Securities Index. This index is an equity benchmark focused on the global real estate market outside of the United States, providing investors with diversified exposure to international property assets. This comprehensive overview of its performance and strategic institutional investments paints a clear picture of its role in diverse investment portfolios.