SPDR S&P Retail ETF (NYSEARCA:XRT) Sets New 1-Year High – Time to Buy?

Shares of SPDR S&P Retail ETF (NYSEARCA:XRT) reached a new 52-week high on Friday . The stock traded as high as $80.76 and last traded at $80.50, with a volume of 1974042 shares traded. The stock had previously closed at $78.92.

SPDR S&P Retail ETF Trading Up 2.6 %

The stock has a market cap of $684.11 million, a price-to-earnings ratio of 12.74 and a beta of 1.20. The firm has a fifty day simple moving average of $76.88 and a 200-day simple moving average of $75.96.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in SPDR S&P Retail ETF by 44.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,544,000 shares of the exchange traded fund’s stock worth $715,609,000 after buying an additional 2,950,000 shares during the last quarter. Mirae Asset Securities USA Inc. acquired a new stake in shares of SPDR S&P Retail ETF in the 2nd quarter valued at approximately $97,474,000. Jane Street Group LLC boosted its stake in SPDR S&P Retail ETF by 224.6% during the 1st quarter. Jane Street Group LLC now owns 394,423 shares of the exchange traded fund’s stock worth $31,155,000 after acquiring an additional 272,912 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in SPDR S&P Retail ETF by 5.6% during the third quarter. Venture Visionary Partners LLC now owns 83,771 shares of the exchange traded fund’s stock valued at $6,508,000 after purchasing an additional 4,456 shares during the period. Finally, Continuum Wealth Advisors LLC bought a new stake in SPDR S&P Retail ETF in the first quarter valued at approximately $5,217,000.

About SPDR S&P Retail ETF

SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.