Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $213.33 and traded as high as $217.82. Consumer Discretionary Select Sector SPDR Fund shares last traded at $217.67, with a volume of 2,985,220 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The company’s 50 day simple moving average is $196.25 and its two-hundred day simple moving average is $213.33. The company has a market cap of $21.46 billion, a PE ratio of 25.86 and a beta of 1.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XLY. Empowered Funds LLC grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 1,162.7% in the first quarter. Empowered Funds LLC now owns 5,821 shares of the exchange traded fund’s stock valued at $1,149,000 after purchasing an additional 5,360 shares in the last quarter. Arete Wealth Advisors LLC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 91.1% during the first quarter. Arete Wealth Advisors LLC now owns 3,907 shares of the exchange traded fund’s stock worth $771,000 after acquiring an additional 1,863 shares during the period. Caxton Associates LLP acquired a new stake in shares of Consumer Discretionary Select Sector SPDR Fund in the first quarter valued at $1,469,000. CTC Alternative Strategies Ltd. purchased a new position in Consumer Discretionary Select Sector SPDR Fund in the first quarter valued at $3,007,000. Finally, Ashton Thomas Private Wealth LLC increased its holdings in Consumer Discretionary Select Sector SPDR Fund by 72.1% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 153,547 shares of the exchange traded fund’s stock worth $30,319,000 after purchasing an additional 64,348 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

About Consumer Discretionary Select Sector SPDR Fund

Consumer Discretionary Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of the Consumer Discretionary Select Sector Index (the Index). The Index includes companies from the following industries, media; retail (specialty, multiline, Internet and catalog); hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; auto components; distributors; leisure equipment and products; and diversified consumer services.