Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 1-Year High – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $46.05 and last traded at $46.0450, with a volume of 1236814 shares traded. The stock had previously closed at $44.95.

Real Estate Select Sector SPDR Fund Trading Up 2.4%

The firm has a market capitalization of $8.74 billion, a P/E ratio of 39.18 and a beta of 0.97. The business’s 50 day simple moving average is $44.49 and its two-hundred day simple moving average is $43.17.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in Real Estate Select Sector SPDR Fund in the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. increased its holdings in shares of Real Estate Select Sector SPDR Fund by 109.2% in the 4th quarter. Ameriflex Group Inc. now owns 657 shares of the company’s stock worth $27,000 after purchasing an additional 343 shares in the last quarter. Bayban purchased a new position in shares of Real Estate Select Sector SPDR Fund in the fourth quarter worth $27,000. Ankerstar Wealth LLC purchased a new position in shares of Real Estate Select Sector SPDR Fund in the fourth quarter worth $28,000. Finally, Townsend Asset Management Corp NC ADV bought a new position in shares of Real Estate Select Sector SPDR Fund during the first quarter valued at $29,000.

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.