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

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

Real Estate Select Sector SPDR Fund Price Performance

The stock’s 50-day moving average is $43.90 and its 200 day moving average is $41.58. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 27.73 and a beta of 0.97.

Institutional Trading of Real Estate Select Sector SPDR Fund

Several large investors have recently bought and sold shares of XLRE. B. Riley Wealth Advisors Inc. increased its stake in shares of Real Estate Select Sector SPDR Fund by 13.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,623 shares of the company’s stock worth $697,000 after purchasing an additional 2,105 shares in the last quarter. Jane Street Group LLC grew its holdings in Real Estate Select Sector SPDR Fund by 810.8% during the 1st quarter. Jane Street Group LLC now owns 159,723 shares of the company’s stock valued at $6,314,000 after buying an additional 142,186 shares during the last quarter. Comerica Bank increased its position in Real Estate Select Sector SPDR Fund by 1.8% during the first quarter. Comerica Bank now owns 41,956 shares of the company’s stock worth $1,659,000 after buying an additional 741 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Real Estate Select Sector SPDR Fund in the first quarter worth $33,000. Finally, Aspect Partners LLC lifted its position in shares of Real Estate Select Sector SPDR Fund by 4.6% in the first quarter. Aspect Partners LLC now owns 118,378 shares of the company’s stock valued at $4,679,000 after acquiring an additional 5,250 shares in the last quarter.

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.