SPDR S&P Retail ETF (NYSEARCA:XRT) Sets New 1-Year High – What’s Next?

SPDR S&P Retail ETF (NYSEARCA:XRT) shares reached a new 52-week high on Friday . The stock traded as high as $80.76 and last traded at $80.50, with a volume of 1974042 shares changing hands. The stock had previously closed at $78.92.

SPDR S&P Retail ETF Stock Up 2.7 %

The company has a market cap of $684.87 million, a P/E ratio of 12.74 and a beta of 1.20. The company’s 50-day moving average is $77.10 and its two-hundred day moving average is $76.03.

Hedge Funds Weigh In On SPDR S&P Retail ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XRT. International Assets Investment Management LLC bought a new position in SPDR S&P Retail ETF during the second quarter worth about $52,000. Aptus Capital Advisors LLC boosted its position in SPDR S&P Retail ETF by 36.3% during the second quarter. Aptus Capital Advisors LLC now owns 759 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 202 shares during the period. Headlands Technologies LLC bought a new position in SPDR S&P Retail ETF during the second quarter worth about $72,000. FMR LLC boosted its position in SPDR S&P Retail ETF by 13.3% during the third quarter. FMR LLC now owns 1,829 shares of the exchange traded fund’s stock worth $142,000 after purchasing an additional 214 shares during the period. Finally, DRW Securities LLC purchased a new stake in shares of SPDR S&P Retail ETF in the third quarter worth about $263,000.

About SPDR S&P Retail ETF

SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.