Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE – Get Free Report) traded down 0.2% during trading on Tuesday. The company traded as low as $41.59 and last traded at $41.83. 5,853,297 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 6,855,667 shares. The stock had previously closed at $41.92.
Real Estate Select Sector SPDR Fund Trading Down 0.2%
The stock has a market cap of $7.81 billion, a P/E ratio of 39.18 and a beta of 0.96. The business has a 50-day simple moving average of $43.28 and a 200 day simple moving average of $43.79.
Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mechanics Bank Trust Department increased its position in Real Estate Select Sector SPDR Fund by 39.2% during the 3rd quarter. Mechanics Bank Trust Department now owns 6,370 shares of the company’s stock valued at $261,000 after purchasing an additional 1,795 shares during the period. Cooksen Wealth LLC raised its holdings in Real Estate Select Sector SPDR Fund by 1.5% during the 3rd quarter. Cooksen Wealth LLC now owns 24,195 shares of the company’s stock worth $1,007,000 after purchasing an additional 346 shares during the last quarter. Scott Capital Advisors LLC raised its holdings in Real Estate Select Sector SPDR Fund by 3.1% during the 3rd quarter. Scott Capital Advisors LLC now owns 32,037 shares of the company’s stock worth $1,300,000 after purchasing an additional 973 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Real Estate Select Sector SPDR Fund by 1.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 148,702 shares of the company’s stock worth $6,083,000 after purchasing an additional 2,799 shares during the period. Finally, Capital Advisors Wealth Management LLC lifted its position in shares of Real Estate Select Sector SPDR Fund by 103.5% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 201,341 shares of the company’s stock worth $8,237,000 after purchasing an additional 102,419 shares during the period.
Real Estate Select Sector SPDR Fund Company Profile
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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