Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 12-Month High at $45.40

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $45.40 and last traded at $45.40, with a volume of 1627 shares. The stock had previously closed at $45.21.

Real Estate Select Sector SPDR Fund Stock Performance

The company’s 50 day moving average price is $41.90 and its 200-day moving average price is $39.43. The stock has a market cap of $6.77 billion, a P/E 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 modified their holdings of XLRE. WBH Advisory Inc. raised its stake in shares of Real Estate Select Sector SPDR Fund by 0.5% during the 2nd quarter. WBH Advisory Inc. now owns 57,149 shares of the company’s stock worth $2,195,000 after purchasing an additional 266 shares during the period. Beech Hill Advisors Inc. raised its position in Real Estate Select Sector SPDR Fund by 5.1% in the second quarter. Beech Hill Advisors Inc. now owns 5,558 shares of the company’s stock worth $213,000 after acquiring an additional 270 shares during the period. Larson Financial Group LLC boosted its stake in Real Estate Select Sector SPDR Fund by 6.6% in the first quarter. Larson Financial Group LLC now owns 4,398 shares of the company’s stock valued at $174,000 after acquiring an additional 274 shares during the last quarter. Forefront Analytics LLC grew its position in shares of Real Estate Select Sector SPDR Fund by 1.1% during the 4th quarter. Forefront Analytics LLC now owns 28,059 shares of the company’s stock valued at $1,124,000 after acquiring an additional 293 shares during the period. Finally, Hardy Reed LLC grew its position in shares of Real Estate Select Sector SPDR Fund by 3.1% during the 1st quarter. Hardy Reed LLC now owns 10,009 shares of the company’s stock valued at $396,000 after acquiring an additional 304 shares during the period.

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.