Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 52-Week High – What’s Next?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $46.05 and last traded at $46.0450, with a volume of 1236814 shares changing hands. The stock had previously closed at $44.95.

Real Estate Select Sector SPDR Fund Price Performance

The firm’s 50-day moving average price is $44.55 and its 200-day moving average price is $43.19. The stock has a market cap of $8.73 billion, a P/E ratio of 39.18 and a beta of 0.97.

Institutional Trading of Real Estate Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new stake in shares of Real Estate Select Sector SPDR Fund during the 4th quarter worth approximately $25,000. Bayban purchased a new position in shares of Real Estate Select Sector SPDR Fund in the fourth quarter valued at $27,000. Ameriflex Group Inc. grew 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 in the last quarter. Ankerstar Wealth LLC bought a new stake in Real Estate Select Sector SPDR Fund in the fourth quarter worth $28,000. Finally, High Point Wealth Management LLC bought a new stake in Real Estate Select Sector SPDR Fund in the fourth quarter worth $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.