Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 1-Year High – Still a Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares reached a new 52-week high during trading on Thursday . The company traded as high as $45.27 and last traded at $44.99, with a volume of 4556366 shares traded. The stock had previously closed at $44.97.

Real Estate Select Sector SPDR Fund Trading Up 0.0%

The company has a market cap of $8.05 billion, a price-to-earnings ratio of 39.18 and a beta of 0.98. The firm’s fifty day moving average price is $43.70 and its 200-day moving average price is $42.32.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Several institutional investors and hedge funds have recently made changes to their positions in XLRE. Elyxium Wealth LLC acquired a new position in shares of Real Estate Select Sector SPDR Fund in the 4th quarter valued at $25,000. Bayban acquired a new position in shares of Real Estate Select Sector SPDR Fund in the 4th quarter valued at $27,000. Ameriflex Group Inc. lifted its position in Real Estate Select Sector SPDR Fund by 109.2% in the 4th quarter. Ameriflex Group Inc. now owns 657 shares of the company’s stock valued at $27,000 after acquiring an additional 343 shares in the last quarter. Ankerstar Wealth LLC bought a new stake in Real Estate Select Sector SPDR Fund in the 4th quarter valued at $28,000. Finally, High Point Wealth Management LLC bought a new stake in Real Estate Select Sector SPDR Fund in the 4th quarter valued at $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.