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)’s share price hit 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 changing hands. The stock had previously closed at $45.46.

Real Estate Select Sector SPDR Fund Trading Down 0.1%

The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 39.18 and a beta of 0.97. The stock’s 50 day moving average is $44.43 and its two-hundred day moving average is $43.02.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in XLRE. Elyxium Wealth LLC purchased a new stake in Real Estate Select Sector SPDR Fund during 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 fourth quarter. Ameriflex Group Inc. now owns 657 shares of the company’s stock valued at $27,000 after purchasing an additional 343 shares during the period. Bayban purchased a new stake in shares of Real Estate Select Sector SPDR Fund during the fourth quarter worth approximately $27,000. Ankerstar Wealth LLC acquired a new stake in shares of Real Estate Select Sector SPDR Fund during the fourth quarter worth $28,000. Finally, Townsend Asset Management Corp NC ADV acquired a new stake in shares of Real Estate Select Sector SPDR Fund during the first quarter worth $29,000.

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.