Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 52-Week High – What’s Next?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares reached a new 52-week high during trading on Friday . The stock traded as high as $44.03 and last traded at $44.0060, with a volume of 5580923 shares. The stock had previously closed at $43.63.

Real Estate Select Sector SPDR Fund Trading Up 0.4%

The firm’s 50-day moving average price is $41.60 and its two-hundred day moving average price is $41.53. The stock has a market cap of $7.61 billion, a PE ratio of 39.18 and a beta of 1.00.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Front Row Advisors LLC lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 14.2% during the 3rd quarter. Front Row Advisors LLC now owns 2,010 shares of the company’s stock valued at $85,000 after purchasing an additional 250 shares during the last quarter. Sierra Summit Advisors LLC boosted its position in Real Estate Select Sector SPDR Fund by 1.5% in the third quarter. Sierra Summit Advisors LLC now owns 17,808 shares of the company’s stock valued at $750,000 after buying an additional 255 shares during the last quarter. PFG Investments LLC increased its stake in shares of Real Estate Select Sector SPDR Fund by 3.5% in the third quarter. PFG Investments LLC now owns 7,786 shares of the company’s stock worth $328,000 after acquiring an additional 261 shares during the period. Paladin Advisory Group LLC raised its stake in shares of Real Estate Select Sector SPDR Fund by 0.4% during the 3rd quarter. Paladin Advisory Group LLC now owns 63,882 shares of the company’s stock valued at $2,691,000 after buying an additional 265 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its holdings in Real Estate Select Sector SPDR Fund by 4.8% in the third quarter. Atticus Wealth Management LLC now owns 5,924 shares of the company’s stock valued at $250,000 after acquiring an additional 270 shares during the period.

Real Estate Select Sector SPDR Fund Company Profile

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.