Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $44.84 and traded as low as $44.61. Real Estate Select Sector SPDR Fund shares last traded at $44.63, with a volume of 6,154,034 shares trading hands.

Real Estate Select Sector SPDR Fund Price Performance

The company has a fifty day moving average price of $44.84 and a 200 day moving average price of $43.71. The company has a market capitalization of $8.61 billion, a P/E ratio of 39.18 and a beta of 0.97.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Rothschild Capital Partners LLC increased its position in Real Estate Select Sector SPDR Fund by 19.3% in the second quarter. Rothschild Capital Partners LLC now owns 115,531 shares of the company’s stock worth $5,087,000 after buying an additional 18,667 shares during the period. RPg Family Wealth Advisory LLC boosted its holdings in shares of Real Estate Select Sector SPDR Fund by 10.9% during the second quarter. RPg Family Wealth Advisory LLC now owns 69,863 shares of the company’s stock valued at $3,076,000 after acquiring an additional 6,847 shares during the period. Risk Paradigm Group LLC grew its position in shares of Real Estate Select Sector SPDR Fund by 10.7% during the second quarter. Risk Paradigm Group LLC now owns 69,664 shares of the company’s stock worth $3,067,000 after acquiring an additional 6,755 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Real Estate Select Sector SPDR Fund during the second quarter worth about $364,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of Real Estate Select Sector SPDR Fund by 20.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 79,693 shares of the company’s stock worth $3,509,000 after acquiring an additional 13,278 shares during the period.

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.