Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading Down 0.7% – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s stock price dropped 0.7% on Tuesday . The company traded as low as $39.88 and last traded at $39.98. Approximately 8,867,430 shares changed hands during trading, an increase of 19% from the average daily volume of 7,440,683 shares. The stock had previously closed at $40.28.

Real Estate Select Sector SPDR Fund Price Performance

The firm has a 50-day moving average of $42.62 and a 200 day moving average of $42.42. The company has a market capitalization of $6.00 billion, a PE ratio of 27.73 and a beta of 0.97.

Institutional Trading of Real Estate Select Sector SPDR Fund

Several hedge funds have recently bought and sold shares of the stock. Madden Advisory Services Inc. increased its stake in Real Estate Select Sector SPDR Fund by 5.0% in the 3rd quarter. Madden Advisory Services Inc. now owns 6,227 shares of the company’s stock worth $278,000 after acquiring an additional 299 shares during the last quarter. American National Bank & Trust increased its position in Real Estate Select Sector SPDR Fund by 10.1% in the third quarter. American National Bank & Trust now owns 3,256 shares of the company’s stock worth $145,000 after purchasing an additional 300 shares during the last quarter. Roberts Wealth Advisors LLC raised its stake in Real Estate Select Sector SPDR Fund by 3.6% during the third quarter. Roberts Wealth Advisors LLC now owns 9,129 shares of the company’s stock valued at $396,000 after purchasing an additional 319 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in Real Estate Select Sector SPDR Fund by 0.8% during the third quarter. Pallas Capital Advisors LLC now owns 46,496 shares of the company’s stock valued at $2,065,000 after purchasing an additional 362 shares during the last quarter. Finally, Cooksen Wealth LLC grew its stake in shares of Real Estate Select Sector SPDR Fund by 2.2% in the 3rd quarter. Cooksen Wealth LLC now owns 17,904 shares of the company’s stock worth $800,000 after buying an additional 388 shares in 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.