Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE – Get Free Report) dropped 1.2% during mid-day trading on Tuesday . The company traded as low as $41.31 and last traded at $41.45. Approximately 4,366,249 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 6,331,470 shares. The stock had previously closed at $41.96.
Real Estate Select Sector SPDR Fund Stock Performance
The firm has a market cap of $6.20 billion, a P/E ratio of 27.73 and a beta of 0.97. The firm has a fifty day moving average of $41.95 and a 200-day moving average of $42.69.
Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Partners LLC acquired a new position in shares of Real Estate Select Sector SPDR Fund in the third quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter valued at approximately $27,000. Continuum Advisory LLC boosted its stake in Real Estate Select Sector SPDR Fund by 183.0% in the 3rd quarter. Continuum Advisory LLC now owns 634 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the period. Howe & Rusling Inc. purchased a new position in Real Estate Select Sector SPDR Fund during the 3rd quarter worth approximately $40,000. Finally, Franklin Resources Inc. raised its stake in Real Estate Select Sector SPDR Fund by 100.0% during the 3rd quarter. Franklin Resources Inc. now owns 974 shares of the company’s stock valued at $43,000 after purchasing an additional 487 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.
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