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

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares reached a new 52-week high during trading on Friday . The company traded as high as $45.71 and last traded at $45.6430, with a volume of 8977 shares trading hands. The stock had previously closed at $45.46.

Real Estate Select Sector SPDR Fund Stock Up 0.8%

The business’s 50-day simple moving average is $44.41 and its 200 day simple moving average is $43.01. The firm has a market capitalization of $8.66 billion, a P/E ratio of 39.18 and a beta of 0.97.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Auto Owners Insurance Co lifted its holdings in Real Estate Select Sector SPDR Fund by 5,195.3% in the fourth quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock worth $1,247,907,000 after buying an additional 30,343,017 shares during the period. Creative Planning grew its holdings in shares of Real Estate Select Sector SPDR Fund by 8.9% during the 3rd quarter. Creative Planning now owns 40,704,991 shares of the company’s stock worth $1,714,901,000 after acquiring an additional 3,318,723 shares during the period. Caisse de depot et placement du Quebec bought a new position in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter worth approximately $46,999,000. Ameriprise Financial Inc. raised its position in shares of Real Estate Select Sector SPDR Fund by 71.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,291,673 shares of the company’s stock worth $94,900,000 after acquiring an additional 951,673 shares in the last quarter. Finally, Cullen Capital Management LLC raised its holdings in Real Estate Select Sector SPDR Fund by 11,070.3% in the fourth quarter. Cullen Capital Management LLC now owns 816,329 shares of the company’s stock worth $32,939,000 after purchasing an additional 809,021 shares in the last quarter.

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.