Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 1-Year High – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $45.71 and last traded at $45.6430, with a volume of 8977 shares trading hands. The stock had previously closed at $45.46.

Real Estate Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $8.66 billion, a P/E ratio of 39.18 and a beta of 0.97. The stock has a fifty day moving average of $44.41 and a 200 day moving average of $43.01.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in Real Estate Select Sector SPDR Fund during the fourth quarter valued at $279,000. Goldman Sachs Group Inc. increased its stake in Real Estate Select Sector SPDR Fund by 12.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 593,100 shares of the company’s stock worth $24,821,000 after acquiring an additional 67,699 shares during the last quarter. First Trust Advisors LP increased its stake in Real Estate Select Sector SPDR Fund by 68.6% in the 2nd quarter. First Trust Advisors LP now owns 37,793 shares of the company’s stock worth $1,565,000 after acquiring an additional 15,375 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Real Estate Select Sector SPDR Fund by 1.1% in the 2nd quarter. Cerity Partners LLC now owns 44,391 shares of the company’s stock valued at $1,839,000 after acquiring an additional 490 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Real Estate Select Sector SPDR Fund by 258.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 114,955 shares of the company’s stock valued at $4,761,000 after acquiring an additional 82,875 shares in the last quarter.

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.