Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Hits New 12-Month High – Here’s Why

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

Real Estate Select Sector SPDR Fund Price Performance

The company has a market cap of $7.62 billion, a price-to-earnings ratio of 39.18 and a beta of 1.00. The business’s fifty day moving average price is $41.67 and its 200 day moving average price is $41.55.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

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

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.