Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Shares Down 0.2% – What’s Next?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) traded down 0.2% during mid-day trading on Thursday . The company traded as low as $41.33 and last traded at $41.43. 3,586,688 shares traded hands during trading, a decline of 39% from the average session volume of 5,886,507 shares. The stock had previously closed at $41.53.

Real Estate Select Sector SPDR Fund Trading Down 0.0 %

The firm has a 50-day simple moving average of $41.96 and a two-hundred day simple moving average of $42.70. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 35.03 and a beta of 1.02.

Real Estate Select Sector SPDR Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.2636 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Several large investors have recently made changes to their positions in the company. Simplex Trading LLC grew its holdings in Real Estate Select Sector SPDR Fund by 100.1% in the fourth quarter. Simplex Trading LLC now owns 7,090 shares of the company’s stock valued at $288,000 after purchasing an additional 10,024,194 shares during the period. JPMorgan Chase & Co. grew its position in shares of Real Estate Select Sector SPDR Fund by 121.6% in the third quarter. JPMorgan Chase & Co. now owns 742,990 shares of the company’s stock valued at $33,189,000 after purchasing an additional 4,179,400 shares during the period. Wells Fargo & Company MN increased its stake in shares of Real Estate Select Sector SPDR Fund by 155.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,843,679 shares of the company’s stock worth $156,322,000 after purchasing an additional 2,338,552 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Real Estate Select Sector SPDR Fund during the 4th quarter worth about $51,015,000. Finally, Modern Wealth Management LLC lifted its stake in Real Estate Select Sector SPDR Fund by 8,903.0% in the 4th quarter. Modern Wealth Management LLC now owns 630,478 shares of the company’s stock valued at $26,499,000 after buying an additional 623,475 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.