Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading Up 1.5% – Here’s What Happened

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) was up 1.5% on Friday . The company traded as high as $43.66 and last traded at $43.50. Approximately 10,751,485 shares were traded during trading, an increase of 7% from the average daily volume of 10,003,659 shares. The stock had previously closed at $42.87.

Real Estate Select Sector SPDR Fund Price Performance

The company has a 50 day simple moving average of $41.08 and a 200-day simple moving average of $41.40. The firm has a market cap of $7.56 billion, a PE ratio of 39.18 and a beta of 1.00.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Front Row Advisors LLC increased its stake in Real Estate Select Sector SPDR Fund by 14.2% in the 3rd quarter. Front Row Advisors LLC now owns 2,010 shares of the company’s stock worth $85,000 after purchasing an additional 250 shares during the period. Sierra Summit Advisors LLC increased its stake in shares of Real Estate Select Sector SPDR Fund by 1.5% in the third quarter. Sierra Summit Advisors LLC now owns 17,808 shares of the company’s stock worth $750,000 after buying an additional 255 shares during the period. PFG Investments LLC increased its stake in shares of Real Estate Select Sector SPDR Fund by 3.5% in the third quarter. PFG Investments LLC now owns 7,786 shares of the company’s stock worth $328,000 after buying an additional 261 shares during the period. Paladin Advisory Group LLC raised its holdings in Real Estate Select Sector SPDR Fund by 0.4% during the 3rd quarter. Paladin Advisory Group LLC now owns 63,882 shares of the company’s stock valued at $2,691,000 after buying an additional 265 shares during the last quarter. Finally, MGO One Seven LLC boosted its position in Real Estate Select Sector SPDR Fund by 4.2% during the 2nd quarter. MGO One Seven LLC now owns 6,660 shares of the company’s stock valued at $276,000 after buying an additional 270 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.