Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Hits New 12-Month High – Time to Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) reached a new 52-week high during trading on Friday . The company traded as high as $45.03 and last traded at $44.9040, with a volume of 3914308 shares changing hands. The stock had previously closed at $44.40.

Real Estate Select Sector SPDR Fund Trading Up 0.7%

The business’s 50-day moving average price is $43.43 and its 200-day moving average price is $42.22. The stock has a market cap of $8.00 billion, a PE ratio of 39.18 and a beta of 0.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bonfire Financial grew its position in shares of Real Estate Select Sector SPDR Fund by 11.1% in the 3rd quarter. Bonfire Financial now owns 10,336 shares of the company’s stock worth $435,000 after buying an additional 1,029 shares during the last quarter. Compound Planning Inc. grew its position in shares of Real Estate Select Sector SPDR Fund by 5.8% in the 3rd quarter. Compound Planning Inc. now owns 83,654 shares of the company’s stock worth $3,524,000 after buying an additional 4,583 shares during the last quarter. Parkside Investments LLC purchased a new position in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter worth approximately $1,685,000. Maridea Wealth Management LLC purchased a new position in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter worth approximately $682,000. Finally, Founders Financial Alliance LLC boosted its stake in Real Estate Select Sector SPDR Fund by 3,379.0% in the 3rd quarter. Founders Financial Alliance LLC now owns 3,479 shares of the company’s stock worth $147,000 after purchasing an additional 3,379 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.