Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading Down 0.2% – Here’s Why

Shares of Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $42.42 and last traded at $42.50. Approximately 4,331,282 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 6,800,056 shares. The stock had previously closed at $42.59.

Real Estate Select Sector SPDR Fund Stock Down 0.2%

The firm’s 50-day moving average price is $44.51 and its 200 day moving average price is $43.87. The firm has a market cap of $8.16 billion, a P/E ratio of 39.18 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Auto Owners Insurance Co boosted its position in shares of Real Estate Select Sector SPDR Fund by 5,195.3% during the fourth quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock worth $1,247,907,000 after buying an additional 30,343,017 shares during the period. Cassaday & Co Wealth Management LLC increased its position in Real Estate Select Sector SPDR Fund by 1.6% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,321,533 shares of the company’s stock valued at $135,618,000 after acquiring an additional 52,739 shares during the period. Moss Adams Wealth Advisors LLC increased its position in Real Estate Select Sector SPDR Fund by 4.6% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,589,587 shares of the company’s stock valued at $64,903,000 after acquiring an additional 70,032 shares during the period. Cetera Investment Advisers raised its stake in Real Estate Select Sector SPDR Fund by 6.2% during the 1st quarter. Cetera Investment Advisers now owns 1,373,623 shares of the company’s stock valued at $56,085,000 after acquiring an additional 79,673 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in Real Estate Select Sector SPDR Fund by 15.7% during the 4th quarter. Alps Advisors Inc. now owns 1,311,427 shares of the company’s stock valued at $52,916,000 after acquiring an additional 177,663 shares in the last quarter.

About Real Estate Select Sector SPDR Fund

The Real Estate Select Sector SPDR Fund (XLRE) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index, a market-cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. XLRE was launched on Oct 7, 2015 and is managed by State Street.