Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE – Get Free Report) announced a quarterly dividend on Wednesday, December 31st. Stockholders of record on Monday, June 22nd will be given a dividend of 0.3811 per share on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 22nd. This is a 40.6% increase from Real Estate Select Sector SPDR Fund’s previous quarterly dividend of $0.27.
Real Estate Select Sector SPDR Fund Stock Performance
Shares of XLRE remained flat at $43.86 during mid-day trading on Friday. The stock had a trading volume of 5,730,622 shares, compared to its average volume of 7,743,274. The company has a market cap of $7.85 billion, a P/E ratio of 39.18 and a beta of 0.98. The company has a 50-day moving average price of $44.12 and a two-hundred day moving average price of $42.47. Real Estate Select Sector SPDR Fund has a one year low of $39.72 and a one year high of $45.65.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Creative Planning grew its stake 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 valued at $1,714,901,000 after acquiring an additional 3,318,723 shares in the last quarter. Auto Owners Insurance Co lifted its position in shares of Real Estate Select Sector SPDR Fund by 5,195.3% in the fourth quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock worth $1,247,907,000 after purchasing an additional 30,343,017 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of Real Estate Select Sector SPDR Fund by 1.6% in the first quarter. Cassaday & Co Wealth Management LLC now owns 3,321,533 shares of the company’s stock worth $135,618,000 after purchasing an additional 52,739 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Real Estate Select Sector SPDR Fund by 4.4% in the third quarter. Ameriprise Financial Inc. now owns 2,392,845 shares of the company’s stock worth $100,832,000 after purchasing an additional 101,172 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Real Estate Select Sector SPDR Fund by 31.9% during the third quarter. UBS Group AG now owns 2,034,348 shares of the company’s stock worth $85,707,000 after purchasing an additional 492,497 shares during the period.
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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