Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $42.69 and traded as high as $43.15. Real Estate Select Sector SPDR Fund shares last traded at $43.06, with a volume of 6,726,630 shares trading hands.

Real Estate Select Sector SPDR Fund Trading Up 2.2%

The company has a market cap of $8.07 billion, a price-to-earnings ratio of 39.18 and a beta of 0.96. The stock has a 50 day moving average price of $42.69 and a two-hundred day moving average price of $43.30.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Real Estate Select Sector SPDR Fund during the 3rd quarter worth about $26,000. Townsend Asset Management Corp NC ADV bought a new stake in shares of Real Estate Select Sector SPDR Fund in the 1st quarter valued at about $29,000. Fiduciary Financial Advisors acquired a new stake in shares of Real Estate Select Sector SPDR Fund in the 2nd quarter valued at approximately $44,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Real Estate Select Sector SPDR Fund in the 1st quarter valued at approximately $45,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Real Estate Select Sector SPDR Fund in the 2nd quarter valued at approximately $51,000.

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.