Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Shares Up 0.6% – Still a Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s stock price was up 0.6% during mid-day trading on Monday . The stock traded as high as $44.96 and last traded at $44.70. Approximately 4,213,825 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 7,461,695 shares. The stock had previously closed at $44.45.

Real Estate Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $8.47 billion, a P/E ratio of 39.18 and a beta of 0.97. The firm has a 50-day moving average price of $44.39 and a two-hundred day moving average price of $42.94.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Large investors have recently made changes to their positions in the business. American National Bank of Texas grew its holdings in shares of Real Estate Select Sector SPDR Fund by 5.9% during the fourth quarter. American National Bank of Texas now owns 127,636 shares of the company’s stock worth $5,150,000 after buying an additional 7,129 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Real Estate Select Sector SPDR Fund in the fourth quarter valued at $65,000. Innova Wealth Partners raised its stake in shares of Real Estate Select Sector SPDR Fund by 7.2% in the 4th quarter. Innova Wealth Partners now owns 6,127 shares of the company’s stock valued at $247,000 after acquiring an additional 414 shares during the period. WESPAC Advisors SoCal LLC lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 1.4% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 21,787 shares of the company’s stock valued at $879,000 after acquiring an additional 299 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in Real Estate Select Sector SPDR Fund during the 3rd quarter worth $35,000.

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.