Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Declares Dividend Increase – $0.38 Per Share

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) announced a quarterly dividend on Wednesday, December 31st. Investors of record on Monday, June 22nd will be paid a dividend of 0.3811 per share on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, June 22nd. This is a 40.6% increase from Real Estate Select Sector SPDR Fund’s previous quarterly dividend of $0.27.

Real Estate Select Sector SPDR Fund Price Performance

Real Estate Select Sector SPDR Fund stock opened at $43.86 on Friday. Real Estate Select Sector SPDR Fund has a one year low of $39.72 and a one year high of $45.65. The company’s fifty day moving average price is $44.12 and its two-hundred day moving average price is $42.47. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 39.18 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in shares of Real Estate Select Sector SPDR Fund in the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. grew its holdings in Real Estate Select Sector SPDR Fund by 109.2% during the fourth quarter. Ameriflex Group Inc. now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 343 shares during the last quarter. Bayban acquired a new position in Real Estate Select Sector SPDR Fund during the fourth quarter valued at approximately $27,000. Ankerstar Wealth LLC bought a new position in shares of Real Estate Select Sector SPDR Fund in the fourth quarter valued at approximately $28,000. Finally, Townsend Asset Management Corp NC ADV bought a new position in shares of Real Estate Select Sector SPDR Fund in the first quarter valued at approximately $29,000.

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.