Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Shares Down 0.2% – Time to Sell?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) was down 0.2% on Tuesday. The stock traded as low as $41.59 and last traded at $41.83. Approximately 5,853,297 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 6,855,667 shares. The stock had previously closed at $41.92.

Real Estate Select Sector SPDR Fund Trading Down 0.2%

The business has a 50-day moving average price of $43.28 and a two-hundred day moving average price of $43.79. The stock has a market capitalization of $7.81 billion, a P/E ratio of 39.18 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mechanics Bank Trust Department lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 39.2% during the third quarter. Mechanics Bank Trust Department now owns 6,370 shares of the company’s stock worth $261,000 after purchasing an additional 1,795 shares during the period. Cooksen Wealth LLC grew its stake in shares of Real Estate Select Sector SPDR Fund by 1.5% in the third quarter. Cooksen Wealth LLC now owns 24,195 shares of the company’s stock worth $1,007,000 after purchasing an additional 346 shares during the last quarter. Scott Capital Advisors LLC grew its stake in shares of Real Estate Select Sector SPDR Fund by 3.1% in the third quarter. Scott Capital Advisors LLC now owns 32,037 shares of the company’s stock worth $1,300,000 after purchasing an additional 973 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in Real Estate Select Sector SPDR Fund by 1.9% in the third quarter. Armstrong Advisory Group Inc. now owns 148,702 shares of the company’s stock valued at $6,083,000 after purchasing an additional 2,799 shares during the period. Finally, Capital Advisors Wealth Management LLC increased its holdings in Real Estate Select Sector SPDR Fund by 103.5% in the third quarter. Capital Advisors Wealth Management LLC now owns 201,341 shares of the company’s stock valued at $8,237,000 after purchasing an additional 102,419 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.