Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Reaches New 52-Week High – What’s Next?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) reached a new 52-week high during trading on Friday . The company traded as high as $45.03 and last traded at $44.9040, with a volume of 3914308 shares trading hands. The stock had previously closed at $44.40.

Real Estate Select Sector SPDR Fund Trading Up 0.7%

The company has a market cap of $8.00 billion, a P/E ratio of 39.18 and a beta of 0.98. The company’s 50-day moving average price is $43.34 and its two-hundred day moving average price is $42.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Auto Owners Insurance Co lifted its stake in Real Estate Select Sector SPDR Fund by 5,195.3% during the fourth quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock worth $1,247,907,000 after purchasing an additional 30,343,017 shares during the last quarter. Creative Planning raised its holdings in shares of Real Estate Select Sector SPDR Fund by 8.9% during the third quarter. Creative Planning now owns 40,704,991 shares of the company’s stock worth $1,714,901,000 after purchasing an additional 3,318,723 shares during the period. Caisse de depot et placement du Quebec bought a new position in shares of Real Estate Select Sector SPDR Fund in the 3rd quarter worth about $46,999,000. Ameriprise Financial Inc. lifted its position in shares of Real Estate Select Sector SPDR Fund by 71.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,291,673 shares of the company’s stock worth $94,900,000 after buying an additional 951,673 shares during the last quarter. Finally, Cullen Capital Management LLC boosted its holdings in shares of Real Estate Select Sector SPDR Fund by 11,070.3% in the 4th quarter. Cullen Capital Management LLC now owns 816,329 shares of the company’s stock valued at $32,939,000 after buying an additional 809,021 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.