Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading Down 0.7% – Time to Sell?

Shares of Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) dropped 0.7% during trading on Tuesday . The stock traded as low as $39.88 and last traded at $39.98. Approximately 8,867,430 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 7,440,683 shares. The stock had previously closed at $40.28.

Real Estate Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 27.73 and a beta of 0.97. The business has a 50 day moving average price of $42.70 and a 200-day moving average price of $42.44.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the business. ORG Partners LLC purchased a new stake in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in Real Estate Select Sector SPDR Fund in the third quarter valued at approximately $27,000. Continuum Advisory LLC lifted its position in Real Estate Select Sector SPDR Fund by 183.0% during the third quarter. Continuum Advisory LLC now owns 634 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the last quarter. Howe & Rusling Inc. purchased a new position in Real Estate Select Sector SPDR Fund in the 3rd quarter worth approximately $40,000. Finally, Franklin Resources Inc. increased its holdings in shares of Real Estate Select Sector SPDR Fund by 100.0% in the 3rd quarter. Franklin Resources Inc. now owns 974 shares of the company’s stock worth $43,000 after buying an additional 487 shares during the last quarter.

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.