Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 1-Year High – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) hit a new 52-week high on Friday . The company traded as high as $46.05 and last traded at $46.0450, with a volume of 1236814 shares traded. The stock had previously closed at $44.95.

Real Estate Select Sector SPDR Fund Stock Up 2.4%

The stock has a market cap of $8.74 billion, a P/E ratio of 39.18 and a beta of 0.97. The firm has a 50 day simple moving average of $44.49 and a 200-day simple moving average of $43.17.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new stake in shares of Real Estate Select Sector SPDR Fund in the 4th quarter worth about $25,000. Bayban bought a new position in Real Estate Select Sector SPDR Fund in the fourth quarter worth about $27,000. Ameriflex Group Inc. raised its stake in Real Estate Select Sector SPDR Fund by 109.2% in the fourth quarter. Ameriflex Group Inc. now owns 657 shares of the company’s stock worth $27,000 after buying an additional 343 shares in the last quarter. Ankerstar Wealth LLC purchased a new stake in Real Estate Select Sector SPDR Fund in the fourth quarter worth about $28,000. Finally, High Point Wealth Management LLC purchased a new stake in Real Estate Select Sector SPDR Fund in the fourth quarter worth about $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.