SPDR S&P Retail ETF (NYSEARCA:XRT) Sees Strong Trading Volume – Time to Buy?

SPDR S&P Retail ETF (NYSEARCA:XRTGet Free Report) saw unusually-strong trading volume on Friday . Approximately 6,093,366 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 4,877,132 shares.The stock last traded at $89.4570 and had previously closed at $89.84.

SPDR S&P Retail ETF Stock Performance

The stock has a market cap of $522.49 million, a PE ratio of 14.70 and a beta of 1.24. The company’s 50-day moving average price is $84.25 and its two-hundred day moving average price is $83.57.

Hedge Funds Weigh In On SPDR S&P Retail ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XRT. Envestnet Asset Management Inc. bought a new stake in SPDR S&P Retail ETF in the second quarter worth $219,000. Ellis Investment Partners LLC grew its stake in shares of SPDR S&P Retail ETF by 12.6% during the second quarter. Ellis Investment Partners LLC now owns 21,654 shares of the exchange traded fund’s stock valued at $1,669,000 after buying an additional 2,428 shares during the last quarter. Truist Financial Corp purchased a new position in shares of SPDR S&P Retail ETF in the second quarter worth about $214,000. Broad Peak Investment Advisers Pte Ltd bought a new stake in shares of SPDR S&P Retail ETF in the 2nd quarter valued at about $6,072,000. Finally, SG Americas Securities LLC boosted its holdings in SPDR S&P Retail ETF by 3,648.5% during the 3rd quarter. SG Americas Securities LLC now owns 410,606 shares of the exchange traded fund’s stock valued at $35,386,000 after acquiring an additional 399,652 shares during the period.

SPDR S&P Retail ETF Company Profile

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Further Reading

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