Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading Up 0.7% – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shot up 0.7% on Tuesday . The stock traded as high as $40.83 and last traded at $40.70. 9,051,854 shares were traded during mid-day trading, a decline of 11% from the average session volume of 10,165,285 shares. The stock had previously closed at $40.43.

Real Estate Select Sector SPDR Fund Trading Up 0.7%

The business’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $41.47. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 39.18 and a beta of 1.00.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in shares of Real Estate Select Sector SPDR Fund during the 3rd quarter worth about $29,000. Avalon Trust Co bought a new position in Real Estate Select Sector SPDR Fund during the 3rd quarter worth approximately $32,000. Berbice Capital Management LLC grew its holdings in Real Estate Select Sector SPDR Fund by 300.0% during the second quarter. Berbice Capital Management LLC now owns 800 shares of the company’s stock valued at $33,000 after purchasing an additional 600 shares during the period. Triumph Capital Management acquired a new position in Real Estate Select Sector SPDR Fund during the third quarter valued at approximately $35,000. Finally, Harbor Asset Planning Inc. bought a new stake in Real Estate Select Sector SPDR Fund in the second quarter valued at approximately $40,000.

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.