Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading 0.6% Higher – Here’s What Happened

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s stock price was up 0.6% during trading on Monday . The stock traded as high as $44.96 and last traded at $44.70. Approximately 4,213,825 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 7,461,695 shares. The stock had previously closed at $44.45.

Real Estate Select Sector SPDR Fund Stock Performance

The business’s 50 day moving average is $44.39 and its 200 day moving average is $42.92. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 39.18 and a beta of 0.97.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Hedge funds have recently bought and sold shares of the business. KWB Wealth lifted its position in shares of Real Estate Select Sector SPDR Fund by 8.8% in the second quarter. KWB Wealth now owns 8,034 shares of the company’s stock worth $354,000 after purchasing an additional 650 shares in the last quarter. Fulcrum Equity Management purchased a new position in Real Estate Select Sector SPDR Fund during the second quarter valued at approximately $210,000. Capital Wealth Management LLC grew its position in Real Estate Select Sector SPDR Fund by 6.9% during the second quarter. Capital Wealth Management LLC now owns 387,611 shares of the company’s stock valued at $17,067,000 after purchasing an additional 24,854 shares in the last quarter. Alliance Wealth Advisors LLC increased its stake in Real Estate Select Sector SPDR Fund by 13.8% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 33,138 shares of the company’s stock valued at $1,459,000 after buying an additional 4,026 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. acquired a new position in Real Estate Select Sector SPDR Fund in the 2nd quarter valued at approximately $1,513,000.

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.