State Street Real Estate Select Sector SPDR ETF (XLRE)
State Street Real Estate Select Sector SPDR ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $44.49, up 0.93% on the session, giving a market capitalisation of $8.00B. Its beta of 0.98 implies it has historically moved less than the broad market.
The State Street Real Estate Select Sector SPDR ETF (XLRE) is an exchange-traded fund designed to mirror the total return, encompassing both price appreciation and income yield, of the Real Estate Select Sector Index, before accounting for its operating expenses. This underlying index comprehensively covers the real estate sector companies within the S&P 500 Index. XLRE provides investors with targeted access to firms primarily involved in real estate management, development, and equity Real Estate Investment Trusts (REITs), specifically excluding those focused on mortgages. Ultimately, this fund offers a precise investment vehicle for those seeking to implement specific strategic or tactical allocations within the real estate market, allowing for a more focused approach compared to broader, style-based investment strategies.
State Street Real Estate Select Sector SPDR ETF is most often compared with the following Financial Services names: