Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Stock Price Down 1.2% – Time to Sell?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) shares traded down 1.2% during trading on Tuesday . The stock traded as low as $41.31 and last traded at $41.45. 4,366,249 shares were traded during trading, a decline of 31% from the average session volume of 6,331,470 shares. The stock had previously closed at $41.96.

Real Estate Select Sector SPDR Fund Trading Down 1.2 %

The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 27.73 and a beta of 0.97. The stock’s fifty day simple moving average is $41.95 and its 200-day simple moving average is $42.69.

Institutional Trading of Real Estate Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in XLRE. Northwest Investment Counselors LLC purchased a new stake in Real Estate Select Sector SPDR Fund during the third quarter worth $27,000. ORG Partners LLC acquired a new position in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter valued at about $27,000. Continuum Advisory LLC boosted its position in Real Estate Select Sector SPDR Fund by 183.0% during the 3rd quarter. Continuum Advisory LLC now owns 634 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the period. Howe & Rusling Inc. acquired a new stake in Real Estate Select Sector SPDR Fund in the 3rd quarter valued at $40,000. Finally, Franklin Resources Inc. raised its position in Real Estate Select Sector SPDR Fund by 100.0% in the third quarter. Franklin Resources Inc. now owns 974 shares of the company’s stock valued at $43,000 after purchasing an additional 487 shares during the period.

Real Estate Select Sector SPDR Fund Company Profile

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.