Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Hits New 1-Year High – Should You Buy?

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 $44.11 and last traded at $44.2850, with a volume of 473042 shares changing hands. The stock had previously closed at $43.81.

Real Estate Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 39.18 and a beta of 1.02. The business has a fifty day moving average of $42.53 and a 200 day moving average of $41.62.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XLRE. Elyxium Wealth LLC acquired a new position in Real Estate Select Sector SPDR Fund in the fourth quarter valued at approximately $25,000. Bayban acquired a new position in Real Estate Select Sector SPDR Fund in the fourth quarter valued at approximately $27,000. Ameriflex Group Inc. lifted its holdings in Real Estate Select Sector SPDR Fund by 109.2% in the fourth quarter. Ameriflex Group Inc. now owns 657 shares of the company’s stock valued at $27,000 after acquiring an additional 343 shares during the last quarter. Ankerstar Wealth LLC acquired a new position in Real Estate Select Sector SPDR Fund in the fourth quarter valued at approximately $28,000. Finally, Mather Group LLC. acquired a new position in Real Estate Select Sector SPDR Fund in the third quarter valued at approximately $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.