Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Sets New 1-Year High – Still a Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $44.91 and last traded at $44.76, with a volume of 1265873 shares. The stock had previously closed at $44.56.

Real Estate Select Sector SPDR Fund Trading Up 0.4%

The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 39.18 and a beta of 1.00. The business’s 50-day simple moving average is $42.95 and its two-hundred day simple moving average is $42.04.

Institutional Trading of Real Estate Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLRE. Brighton Jones LLC acquired a new position in shares of Real Estate Select Sector SPDR Fund in the 4th quarter valued at about $279,000. Goldman Sachs Group Inc. boosted its position in shares of Real Estate Select Sector SPDR Fund by 12.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 593,100 shares of the company’s stock valued at $24,821,000 after purchasing an additional 67,699 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Real Estate Select Sector SPDR Fund by 68.6% during the 2nd quarter. First Trust Advisors LP now owns 37,793 shares of the company’s stock valued at $1,565,000 after purchasing an additional 15,375 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Real Estate Select Sector SPDR Fund by 1.1% during the 2nd quarter. Cerity Partners LLC now owns 44,391 shares of the company’s stock valued at $1,839,000 after purchasing an additional 490 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Real Estate Select Sector SPDR Fund by 258.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 114,955 shares of the company’s stock valued at $4,761,000 after purchasing 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.