Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Stock Price Down 2.7% – Here’s Why

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s stock price was down 2.7% on Wednesday . The company traded as low as $42.19 and last traded at $42.64. Approximately 12,716,259 shares changed hands during trading, an increase of 95% from the average daily volume of 6,510,126 shares. The stock had previously closed at $43.81.

Real Estate Select Sector SPDR Fund Stock Down 2.7 %

The stock has a market capitalization of $6.38 billion, a P/E ratio of 27.73 and a beta of 0.97. The company has a 50-day moving average price of $44.08 and a two-hundred day moving average price of $40.87.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Several institutional investors and hedge funds have recently modified their holdings of XLRE. Creative Planning increased its position in shares of Real Estate Select Sector SPDR Fund by 6.4% during the 3rd 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 last quarter. Cassaday & Co Wealth Management LLC boosted its position in shares of Real Estate Select Sector SPDR Fund by 3.1% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 2,947,879 shares of the company’s stock valued at $113,228,000 after acquiring an additional 87,763 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of Real Estate Select Sector SPDR Fund by 39.0% in 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. Migdal Insurance & Financial Holdings Ltd. increased its stake in Real Estate Select Sector SPDR Fund by 77.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,480,790 shares of the company’s stock worth $95,287,000 after acquiring an additional 1,080,790 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Real Estate Select Sector SPDR Fund by 384.4% during the 3rd 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.

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.