Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 1-Year High – Still a Buy?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s share price hit a new 52-week high on Thursday . The company traded as high as $45.27 and last traded at $44.99, with a volume of 4556366 shares changing hands. The stock had previously closed at $44.97.

Real Estate Select Sector SPDR Fund Trading Up 0.0%

The business’s fifty day simple moving average is $43.70 and its 200 day simple moving average is $42.32. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 39.18 and a beta of 0.98.

Institutional Trading of Real Estate Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of the business. Pine Valley Investments Ltd Liability Co grew its holdings in Real Estate Select Sector SPDR Fund by 9.2% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,471 shares of the company’s stock worth $346,000 after acquiring an additional 715 shares during the period. Blue Fin Capital Inc. grew its holdings in Real Estate Select Sector SPDR Fund by 15.6% during the 1st quarter. Blue Fin Capital Inc. now owns 10,282 shares of the company’s stock worth $420,000 after acquiring an additional 1,388 shares during the period. Norris Financial Group LLC acquired a new stake in Real Estate Select Sector SPDR Fund during the 1st quarter worth $4,162,000. Western Wealth Management LLC grew its holdings in Real Estate Select Sector SPDR Fund by 12.6% during the 1st quarter. Western Wealth Management LLC now owns 102,797 shares of the company’s stock worth $4,197,000 after acquiring an additional 11,481 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in Real Estate Select Sector SPDR Fund during the 1st quarter worth $601,000.

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.