Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Stock Price Down 0.9% – Time to Sell?

by · The Markets Daily

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE – Get Free Report)’s stock price was down 0.9% during mid-day trading on Tuesday . The stock traded as low as $40.50 and last traded at $40.55. Approximately 7,688,685 shares changed hands during trading, an increase of 20% from the average daily volume of 6,388,909 shares. The stock had previously closed at $40.91.

Real Estate Select Sector SPDR Fund Trading Down 0.9%

The company has a market capitalization of $7.59 billion, a P/E ratio of 39.18 and a beta of 1.00. The stock has a 50 day moving average price of $41.23 and a 200 day moving average price of $41.62.

Institutional Trading of Real Estate Select Sector SPDR Fund

A number of hedge funds have recently made changes to their positions in XLRE. Mather Group LLC. bought a new position in Real Estate Select Sector SPDR Fund in the 3rd quarter valued at approximately $29,000. Avalon Trust Co acquired a new position in Real Estate Select Sector SPDR Fund in the 3rd quarter valued at approximately $32,000. Berbice Capital Management LLC increased its position in Real Estate Select Sector SPDR Fund by 300.0% in the 2nd quarter. Berbice Capital Management LLC now owns 800 shares of the company’s stock valued at $33,000 after acquiring an additional 600 shares during the period. Triumph Capital Management bought a new position in shares of Real Estate Select Sector SPDR Fund during the third quarter valued at $35,000. Finally, Harbor Asset Planning Inc. bought a new position in shares of Real Estate Select Sector SPDR Fund during the second quarter valued at $40,000.

Real Estate Select Sector SPDR Fund Company Profile

(Get Free Report)

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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