Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading 0.7% Higher – Should You Buy?

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

Real Estate Select Sector SPDR Fund Stock Performance

The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 27.73 and a beta of 0.97. The company has a fifty day simple moving average of $43.90 and a 200 day simple moving average of $41.61.

Institutional Trading of Real Estate Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. WBH Advisory Inc. boosted its stake in shares of Real Estate Select Sector SPDR Fund by 0.5% in the 2nd quarter. WBH Advisory Inc. now owns 57,149 shares of the company’s stock valued at $2,195,000 after purchasing an additional 266 shares during the last quarter. Stillwater Capital Advisors LLC raised its position in shares of Real Estate Select Sector SPDR Fund by 2.8% in the 2nd quarter. Stillwater Capital Advisors LLC now owns 31,047 shares of the company’s stock worth $1,193,000 after acquiring an additional 833 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of Real Estate Select Sector SPDR Fund by 17.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,281 shares of the company’s stock valued at $164,000 after purchasing an additional 625 shares during the period. Cetera Advisors LLC boosted its position in shares of Real Estate Select Sector SPDR Fund by 96.1% during the 1st quarter. Cetera Advisors LLC now owns 105,424 shares of the company’s stock valued at $4,167,000 after purchasing an additional 51,672 shares in the last quarter. Finally, Triangle Securities Wealth Management acquired a new stake in Real Estate Select Sector SPDR Fund during the second quarter worth approximately $576,000.

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.