Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $44.77 and traded as low as $44.24. Real Estate Select Sector SPDR Fund shares last traded at $44.40, with a volume of 5,293,783 shares changing hands.

Real Estate Select Sector SPDR Fund Trading Up 0.9%

The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 39.18 and a beta of 0.97. The company has a fifty day moving average of $44.78 and a two-hundred day moving average of $43.55.

Institutional Trading of Real Estate Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of the company. Creative Planning lifted its position in shares of Real Estate Select Sector SPDR Fund by 8.9% during the 3rd quarter. Creative Planning now owns 40,704,991 shares of the company’s stock worth $1,714,901,000 after buying an additional 3,318,723 shares during the period. Auto Owners Insurance Co raised its stake in Real Estate Select Sector SPDR Fund by 5,195.3% during the fourth quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock worth $1,247,907,000 after acquiring an additional 30,343,017 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 1.6% during the first quarter. Cassaday & Co Wealth Management LLC now owns 3,321,533 shares of the company’s stock valued at $135,618,000 after acquiring an additional 52,739 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,392,845 shares of the company’s stock valued at $100,832,000 after acquiring an additional 101,172 shares during the period. Finally, UBS Group AG boosted its stake in shares of Real Estate Select Sector SPDR Fund by 31.9% in the 3rd quarter. UBS Group AG now owns 2,034,348 shares of the company’s stock valued at $85,707,000 after purchasing an additional 492,497 shares in the last quarter.

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.