Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Shares Up 0.6% – Still a Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s stock price shot up 0.6% during mid-day trading on Monday . The stock traded as high as $44.96 and last traded at $44.70. Approximately 4,213,825 shares were traded during trading, a decline of 44% from the average session volume of 7,461,695 shares. The stock had previously closed at $44.45.

Real Estate Select Sector SPDR Fund Stock Up 0.6%

The business has a 50-day moving average of $44.39 and a 200-day moving average of $42.92. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 39.18 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co boosted its stake in shares of Real Estate Select Sector SPDR Fund by 5,195.3% during the 4th quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock worth $1,247,907,000 after acquiring an additional 30,343,017 shares in the last quarter. Creative Planning increased its holdings in shares of Real Estate Select Sector SPDR Fund by 8.9% during the 3rd quarter. Creative Planning now owns 40,704,991 shares of the company’s stock valued at $1,714,901,000 after acquiring an additional 3,318,723 shares during the last quarter. Caisse de depot et placement du Quebec bought a new position in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter valued at approximately $46,999,000. Ameriprise Financial Inc. raised its stake in shares of Real Estate Select Sector SPDR Fund by 71.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,291,673 shares of the company’s stock valued at $94,900,000 after acquiring an additional 951,673 shares in the last quarter. Finally, Cullen Capital Management LLC lifted its holdings in Real Estate Select Sector SPDR Fund by 11,070.3% in the 4th quarter. Cullen Capital Management LLC now owns 816,329 shares of the company’s stock worth $32,939,000 after purchasing an additional 809,021 shares during the last quarter.

Real Estate Select Sector SPDR Fund Company Profile

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.