Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Trading Down 0.2% – Here’s What Happened

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE)’s stock price was down 0.2% during mid-day trading on Thursday . The company traded as low as $41.33 and last traded at $41.43. Approximately 3,586,688 shares changed hands during trading, a decline of 39% from the average daily volume of 5,886,507 shares. The stock had previously closed at $41.53.

Real Estate Select Sector SPDR Fund Stock Down 0.2 %

The company has a market capitalization of $7.35 billion, a P/E ratio of 35.03 and a beta of 1.02. The company’s 50-day simple moving average is $41.95 and its 200 day simple moving average is $42.72.

Real Estate Select Sector SPDR Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a dividend of $0.2636 per share. The ex-dividend date was Monday, March 24th.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLRE. LPL Financial LLC increased its stake in Real Estate Select Sector SPDR Fund by 1.2% during the fourth quarter. LPL Financial LLC now owns 4,391,694 shares of the company’s stock valued at $178,610,000 after acquiring an additional 53,429 shares during the period. Wells Fargo & Company MN increased its position in shares of Real Estate Select Sector SPDR Fund by 155.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,843,679 shares of the company’s stock valued at $156,322,000 after purchasing an additional 2,338,552 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in Real Estate Select Sector SPDR Fund by 2.1% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 3,051,329 shares of the company’s stock worth $124,098,000 after purchasing an additional 62,304 shares during the period. Raymond James Financial Inc. acquired a new stake in Real Estate Select Sector SPDR Fund during the fourth quarter worth $51,015,000. Finally, Baird Financial Group Inc. increased its holdings in Real Estate Select Sector SPDR Fund by 0.3% in the 4th quarter. Baird Financial Group Inc. now owns 1,249,311 shares of the company’s stock valued at $50,809,000 after buying an additional 3,421 shares during the period.

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.