Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Shares Down 0.7% – What’s Next?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares fell 0.7% on Monday . The company traded as low as $42.98 and last traded at $43.20. 3,745,501 shares traded hands during trading, a decline of 44% from the average session volume of 6,707,670 shares. The stock had previously closed at $43.52.

Real Estate Select Sector SPDR Fund Stock Performance

The firm has a fifty day simple moving average of $43.30 and a two-hundred day simple moving average of $40.00. The firm has a market cap of $6.46 billion, a PE ratio of 27.73 and a beta of 0.97.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. WBH Advisory Inc. raised its stake in shares of Real Estate Select Sector SPDR Fund by 0.5% during the 2nd quarter. WBH Advisory Inc. now owns 57,149 shares of the company’s stock valued at $2,195,000 after buying an additional 266 shares during the last quarter. Beech Hill Advisors Inc. lifted its holdings in Real Estate Select Sector SPDR Fund by 5.1% in the 2nd quarter. Beech Hill Advisors Inc. now owns 5,558 shares of the company’s stock valued at $213,000 after purchasing an additional 270 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Real Estate Select Sector SPDR Fund by 6.6% in the first quarter. Larson Financial Group LLC now owns 4,398 shares of the company’s stock worth $174,000 after buying an additional 274 shares in the last quarter. Forefront Analytics LLC boosted its holdings in shares of Real Estate Select Sector SPDR Fund by 1.1% during the 4th quarter. Forefront Analytics LLC now owns 28,059 shares of the company’s stock worth $1,124,000 after purchasing an additional 293 shares during the last quarter. Finally, American National Bank & Trust boosted its stake in Real Estate Select Sector SPDR Fund by 10.1% during the third quarter. American National Bank & Trust now owns 3,256 shares of the company’s stock worth $145,000 after buying an additional 300 shares during 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.