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

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

Real Estate Select Sector SPDR Fund Stock Performance

The stock has a fifty day moving average price of $42.62 and a 200 day moving average price of $42.42. The stock has a market cap of $6.00 billion, a PE 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 added to or reduced their stakes in XLRE. Creative Planning boosted its stake in shares of Real Estate Select Sector SPDR Fund by 6.4% during the third quarter. Creative Planning now owns 29,147,305 shares of the company’s stock valued at $1,302,010,000 after purchasing an additional 1,750,191 shares during the period. LPL Financial LLC raised its stake in shares of Real Estate Select Sector SPDR Fund by 38.3% during the third quarter. LPL Financial LLC now owns 4,338,265 shares of the company’s stock valued at $193,790,000 after acquiring an additional 1,200,432 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 1.4% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 2,989,025 shares of the company’s stock worth $133,520,000 after buying an additional 41,146 shares during the period. Meitav Investment House Ltd. grew its position in shares of Real Estate Select Sector SPDR Fund by 39.0% during the 3rd quarter. Meitav Investment House Ltd. now owns 2,493,291 shares of the company’s stock worth $111,375,000 after buying an additional 700,000 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Real Estate Select Sector SPDR Fund by 384.4% during the third quarter. Raymond James & Associates now owns 1,593,455 shares of the company’s stock valued at $71,180,000 after buying an additional 1,264,476 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.