Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Sets New 1-Year High – Still a Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) reached a new 52-week high on Tuesday . The stock traded as high as $44.91 and last traded at $44.76, with a volume of 1265873 shares changing hands. The stock had previously closed at $44.56.

Real Estate Select Sector SPDR Fund Stock Performance

The company has a market cap of $8.01 billion, a price-to-earnings ratio of 39.18 and a beta of 1.00. The company has a fifty day moving average of $42.95 and a two-hundred day moving average of $42.04.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of the business. Creative Planning lifted its holdings in Real Estate Select Sector SPDR Fund by 8.9% during the 3rd quarter. Creative Planning now owns 40,704,991 shares of the company’s stock worth $1,714,901,000 after buying an additional 3,318,723 shares during the period. Auto Owners Insurance Co lifted its holdings in Real Estate Select Sector SPDR Fund by 5,195.3% during the 4th quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock worth $1,247,907,000 after buying an additional 30,343,017 shares during the period. Phoenix Financial Ltd. lifted its holdings in Real Estate Select Sector SPDR Fund by 102.1% during the 3rd quarter. Phoenix Financial Ltd. now owns 4,697,204 shares of the company’s stock worth $197,893,000 after buying an additional 2,373,000 shares during the period. Cassaday & Co Wealth Management LLC raised its position in shares of Real Estate Select Sector SPDR Fund by 1.6% during the first quarter. Cassaday & Co Wealth Management LLC now owns 3,321,533 shares of the company’s stock worth $135,618,000 after acquiring an additional 52,739 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Real Estate Select Sector SPDR Fund by 4.4% during the third quarter. Ameriprise Financial Inc. now owns 2,392,845 shares of the company’s stock worth $100,832,000 after acquiring an additional 101,172 shares during the last quarter.

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.