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

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) reached a new 52-week high during trading on Wednesday . The company traded as high as $44.73 and last traded at $44.5990, with a volume of 834778 shares. The stock had previously closed at $44.17.

Real Estate Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $8.03 billion, a PE ratio of 39.18 and a beta of 1.00. The business has a 50 day moving average price of $42.68 and a 200 day moving average price of $41.80.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

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