Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 52-Week High – What’s Next?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares hit a new 52-week high on Friday . The company traded as high as $45.03 and last traded at $44.9040, with a volume of 3914308 shares trading hands. The stock had previously closed at $44.40.

Real Estate Select Sector SPDR Fund Stock Up 0.7%

The stock has a fifty day moving average of $43.34 and a two-hundred day moving average of $42.20. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 39.18 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Fin Capital Inc. increased its position in shares of Real Estate Select Sector SPDR Fund by 15.6% in the first quarter. Blue Fin Capital Inc. now owns 10,282 shares of the company’s stock worth $420,000 after acquiring an additional 1,388 shares in the last quarter. Norris Financial Group LLC acquired a new position in shares of Real Estate Select Sector SPDR Fund during the 1st quarter valued at $4,162,000. Western Wealth Management LLC lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 12.6% during the 1st quarter. Western Wealth Management LLC now owns 102,797 shares of the company’s stock valued at $4,197,000 after acquiring an additional 11,481 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Real Estate Select Sector SPDR Fund during the 1st quarter worth $601,000. Finally, Centaurus Financial Inc. increased its holdings in Real Estate Select Sector SPDR Fund by 13.1% in the 1st quarter. Centaurus Financial Inc. now owns 6,598 shares of the company’s stock valued at $269,000 after purchasing an additional 766 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.