Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Sets New 12-Month High at $42.35

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $42.35 and last traded at $42.32, with a volume of 2810515 shares trading hands. The stock had previously closed at $42.15.

Real Estate Select Sector SPDR Fund Stock Performance

The company has a 50 day moving average price of $40.10 and a 200 day moving average price of $38.79. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 27.73 and a beta of 0.97.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Several hedge funds have recently bought and sold shares of XLRE. Carmichael Hill & Associates Inc. raised its position in Real Estate Select Sector SPDR Fund by 300.0% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 704 shares of the company’s stock valued at $27,000 after purchasing an additional 528 shares in the last quarter. WASHINGTON TRUST Co purchased a new position in shares of Real Estate Select Sector SPDR Fund in the 1st quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Real Estate Select Sector SPDR Fund in the 1st quarter valued at about $33,000. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Real Estate Select Sector SPDR Fund by 125.0% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 900 shares of the company’s stock valued at $36,000 after acquiring an additional 500 shares during the last quarter. Finally, YHB Investment Advisors Inc. purchased a new position in Real Estate Select Sector SPDR Fund during the 1st quarter worth approximately $36,000.

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.