Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $42.69 and traded as high as $43.15. Real Estate Select Sector SPDR Fund shares last traded at $43.06, with a volume of 6,726,630 shares traded.

Real Estate Select Sector SPDR Fund Trading Up 0.3%

The company has a market cap of $8.09 billion, a PE ratio of 39.18 and a beta of 0.96. The firm has a 50 day moving average of $42.65 and a two-hundred day moving average of $43.31.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the stock. PFG Investments LLC increased its position in shares of Real Estate Select Sector SPDR Fund by 3.0% during the second quarter. PFG Investments LLC now owns 8,310 shares of the company’s stock worth $366,000 after acquiring an additional 239 shares during the period. Victory Financial Group LLC boosted its holdings in shares of Real Estate Select Sector SPDR Fund by 4.1% in the third quarter. Victory Financial Group LLC now owns 6,317 shares of the company’s stock valued at $258,000 after purchasing an additional 246 shares during the period. Vilga Financial Planning LLC boosted its holdings in shares of Real Estate Select Sector SPDR Fund by 4.6% in the third quarter. Vilga Financial Planning LLC now owns 5,830 shares of the company’s stock valued at $239,000 after purchasing an additional 254 shares during the period. Nwam LLC boosted its holdings in shares of Real Estate Select Sector SPDR Fund by 3.7% in the first quarter. Nwam LLC now owns 7,573 shares of the company’s stock valued at $309,000 after purchasing an additional 271 shares during the period. Finally, Retirement Planning Co of New England Inc. grew its stake in Real Estate Select Sector SPDR Fund by 2.5% in the third quarter. Retirement Planning Co of New England Inc. now owns 11,816 shares of the company’s stock worth $483,000 after purchasing an additional 291 shares in the last quarter.

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.