Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE – Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $45.27 and last traded at $44.99, with a volume of 4556366 shares traded. The stock had previously closed at $44.97.
Real Estate Select Sector SPDR Fund Stock Up 1.0%
The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 39.18 and a beta of 0.98. The stock’s fifty day moving average is $43.87 and its two-hundred day moving average is $42.37.
Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund
A number of institutional investors have recently added to or reduced their stakes in XLRE. Auto Owners Insurance Co increased its holdings in Real Estate Select Sector SPDR Fund by 5,195.3% during the fourth 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 last quarter. Creative Planning increased its holdings in Real Estate Select Sector SPDR Fund by 8.9% during the third 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 last quarter. Caisse de depot et placement du Quebec acquired a new position in Real Estate Select Sector SPDR Fund during the third quarter worth $46,999,000. Ameriprise Financial Inc. increased its holdings in Real Estate Select Sector SPDR Fund by 71.0% during the second quarter. Ameriprise Financial Inc. now owns 2,291,673 shares of the company’s stock worth $94,900,000 after buying an additional 951,673 shares during the last quarter. Finally, Cullen Capital Management LLC increased its holdings in Real Estate Select Sector SPDR Fund by 11,070.3% during the fourth quarter. Cullen Capital Management LLC now owns 816,329 shares of the company’s stock worth $32,939,000 after buying an additional 809,021 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.
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