Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Passes Above 200 Day Moving Average – What’s Next?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $211.35 and traded as high as $232.23. Consumer Discretionary Select Sector SPDR Fund shares last traded at $230.94, with a volume of 6,915,181 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Trading Up 0.4%

The company has a 50-day simple moving average of $224.40 and a 200 day simple moving average of $211.35. The company has a market cap of $23.19 billion, a P/E ratio of 27.10 and a beta of 1.18.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC bought a new position in Consumer Discretionary Select Sector SPDR Fund in the 1st quarter worth about $25,000. Maseco LLP bought a new position in Consumer Discretionary Select Sector SPDR Fund in the 2nd quarter worth about $25,000. Costello Asset Management INC grew its stake in Consumer Discretionary Select Sector SPDR Fund by 83.9% in the 2nd quarter. Costello Asset Management INC now owns 114 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 52 shares in the last quarter. Tortoise Investment Management LLC grew its position in shares of Consumer Discretionary Select Sector SPDR Fund by 75.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 116 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Finally, HM Payson & Co. grew its position in shares of Consumer Discretionary Select Sector SPDR Fund by 191.3% during the 1st quarter. HM Payson & Co. now owns 134 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 88 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Consumer Discretionary Select Sector SPDR Fund Company Profile

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.