Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $41.93 and traded as low as $38.92. Real Estate Select Sector SPDR Fund shares last traded at $38.96, with a volume of 15,419,688 shares trading hands.

Real Estate Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 35.37 and a beta of 0.98. The business has a 50 day moving average price of $41.93 and a 200-day moving average price of $42.55.

Real Estate Select Sector SPDR Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a $0.2636 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Real Estate Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Wingate Wealth Advisors Inc. bought a new stake in shares of Real Estate Select Sector SPDR Fund during the fourth quarter valued at about $26,000. Transcendent Capital Group LLC purchased a new stake in Real Estate Select Sector SPDR Fund in the 4th quarter worth approximately $26,000. FWL Investment Management LLC bought a new position in Real Estate Select Sector SPDR Fund in the 4th quarter valued at $26,000. Continuum Advisory LLC grew its position in shares of Real Estate Select Sector SPDR Fund by 183.0% during the 3rd quarter. Continuum Advisory LLC now owns 634 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares in the last quarter. Finally, NewSquare Capital LLC bought a new position in shares of Real Estate Select Sector SPDR Fund in the fourth quarter worth $27,000.

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.