SPDR S&P Retail ETF (NYSEARCA:XRT) Sets New 1-Year High – Should You Buy?

Shares of SPDR S&P Retail ETF (NYSEARCA:XRT) reached a new 52-week high during trading on Monday . The company traded as high as $80.15 and last traded at $80.15, with a volume of 1052 shares. The stock had previously closed at $79.16.

SPDR S&P Retail ETF Price Performance

The company has a 50 day simple moving average of $76.19 and a 200-day simple moving average of $75.72. The stock has a market cap of $672.45 million, a P/E ratio of 12.74 and a beta of 1.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in SPDR S&P Retail ETF during the 2nd quarter valued at $52,000. Aptus Capital Advisors LLC boosted its holdings in shares of 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 purchased a new stake in shares of SPDR S&P Retail ETF during the second quarter worth about $72,000. Edgestream Partners L.P. grew its stake in shares of SPDR S&P Retail ETF by 27.9% in the second quarter. Edgestream Partners L.P. now owns 3,720 shares of the exchange traded fund’s stock worth $279,000 after purchasing an additional 811 shares during the last quarter. Finally, Bayesian Capital Management LP increased its holdings in SPDR S&P Retail ETF by 82.1% during the 1st quarter. Bayesian Capital Management LP now owns 5,100 shares of the exchange traded fund’s stock valued at $403,000 after purchasing an additional 2,300 shares during the period.

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.