Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Stock Price Down 0.2% – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s share price fell 0.2% during mid-day trading on Tuesday. The stock traded as low as $41.59 and last traded at $41.83. Approximately 5,853,297 shares changed hands during trading, a decline of 15% from the average daily volume of 6,855,667 shares. The stock had previously closed at $41.92.

Real Estate Select Sector SPDR Fund Price Performance

The company has a market capitalization of $7.84 billion, a PE ratio of 39.18 and a beta of 0.96. The firm’s fifty day simple moving average is $43.20 and its 200 day simple moving average is $43.80.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLRE. Retirement Planning Co of New England Inc. increased its stake in Real Estate Select Sector SPDR Fund by 2.5% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 11,816 shares of the company’s stock worth $483,000 after buying an additional 291 shares in the last quarter. Mystic Asset Management Inc. lifted its position in shares of Real Estate Select Sector SPDR Fund by 7.9% in the third quarter. Mystic Asset Management Inc. now owns 11,180 shares of the company’s stock valued at $457,000 after acquiring an additional 820 shares in the last quarter. Trust Co. of Oklahoma boosted its stake in shares of Real Estate Select Sector SPDR Fund by 2.3% in the third quarter. Trust Co. of Oklahoma now owns 33,885 shares of the company’s stock worth $1,386,000 after acquiring an additional 763 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its stake in shares of Real Estate Select Sector SPDR Fund by 46.7% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,631 shares of the company’s stock worth $67,000 after acquiring an additional 519 shares during the last quarter. Finally, Wall Capital Group Inc. increased its position in shares of Real Estate Select Sector SPDR Fund by 125.3% during the third quarter. Wall Capital Group Inc. now owns 16,175 shares of the company’s stock worth $662,000 after purchasing an additional 8,995 shares in 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.