Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of 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 changing hands.

Real Estate Select Sector SPDR Fund Price Performance

The firm’s 50 day simple moving average is $41.93 and its two-hundred day simple moving average is $42.55. The firm has a market capitalization of $6.80 billion, a P/E ratio of 35.37 and a beta of 0.98.

Real Estate Select Sector SPDR Fund Cuts Dividend

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

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the company. Webster Bank N. A. lifted its holdings in Real Estate Select Sector SPDR Fund by 298.2% in the 1st quarter. Webster Bank N. A. now owns 677 shares of the company’s stock worth $28,000 after buying an additional 507 shares during the period. Waller Financial Planning Group Inc. grew its holdings in Real Estate Select Sector SPDR Fund by 0.6% in the first quarter. Waller Financial Planning Group Inc. now owns 474,255 shares of the company’s stock worth $19,848,000 after purchasing an additional 2,921 shares during the period. Nestegg Advisors Inc. bought a new position in shares of Real Estate Select Sector SPDR Fund during the fourth quarter valued at approximately $465,000. 111 Capital purchased a new position in shares of Real Estate Select Sector SPDR Fund in the 4th quarter worth about $1,553,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Real Estate Select Sector SPDR Fund by 19.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 572,203 shares of the company’s stock valued at $23,272,000 after acquiring an additional 93,783 shares in the last quarter.

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.