REIT ETF Benchmarks Tank After Inflationary CPI Data The benchmark real estate investment trust (REIT) exchange-traded funds (ETFs) sold off Tuesday along with most of the rest of the stock market after the consumer price index (CPI) came in higher than expected. The Real Estate Select Sector SPDR Fun d (NYSEARCA: XLRE) tanked by 3.80%. The iShares U.S. Real Estate ETF (NYSEARCA: IYR) got hit by 3.70%. The SP 500 dropped by 4.32%. and the Nasdaq Composite Index slipped by 5.16%. Relatively speaking, the REIT funds outperformed the broader indexes. Still, it’s unpleasant for an investor to hold securities that have dropped significantly. The Real Estate Select Sector SPDR fund consists of 34 positions in all. Top holdings include American Tower Corp. (NYSE: AMT ), Prologis Inc. (NYSE: PLD ) and Crown Castle Inc. (NYSE: CCI ). Here is the daily price chart: Despite the heaviness of the selling, … Full story available on Benzinga.com