Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Shares Up 0.7% – Still a Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s share price traded up 0.7% during mid-day trading on Wednesday . The company traded as high as $45.48 and last traded at $45.21. 3,530,825 shares traded hands during trading, a decline of 45% from the average session volume of 6,412,070 shares. The stock had previously closed at $44.90.

Real Estate Select Sector SPDR Fund Stock Up 0.7 %

The firm has a market capitalization of $6.76 billion, a P/E ratio of 27.73 and a beta of 0.97. The company’s 50 day moving average is $43.90 and its 200-day moving average is $41.61.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently made changes to their positions in XLRE. Franklin Resources Inc. raised its stake in Real Estate Select Sector SPDR Fund by 100.0% during the 3rd quarter. Franklin Resources Inc. now owns 974 shares of the company’s stock worth $43,000 after buying an additional 487 shares during the period. Peapack Gladstone Financial Corp increased its holdings in shares of Real Estate Select Sector SPDR Fund by 49.1% during the third quarter. Peapack Gladstone Financial Corp now owns 7,890 shares of the company’s stock valued at $352,000 after acquiring an additional 2,600 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Real Estate Select Sector SPDR Fund during the third quarter worth approximately $328,000. Sanctuary Advisors LLC lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 40.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 116,933 shares of the company’s stock worth $5,156,000 after purchasing an additional 33,638 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its position in Real Estate Select Sector SPDR Fund by 5.0% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 10,979 shares of the company’s stock valued at $490,000 after purchasing an additional 521 shares during the period.

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.