Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Passes Above 200-Day Moving Average – Should You 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 $219.85 and traded as high as $239.83. Consumer Discretionary Select Sector SPDR Fund shares last traded at $237.66, with a volume of 3,240,837 shares traded.

Consumer Discretionary Select Sector SPDR Fund Stock Down 0.3%

The company has a 50 day moving average of $235.79 and a 200 day moving average of $219.85. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 27.10 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XLY. Maseco LLP acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the second quarter worth about $25,000. Costello Asset Management INC lifted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 83.9% in the second 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 lifted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 75.8% in the second quarter. Tortoise Investment Management LLC now owns 116 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. HM Payson & Co. lifted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 191.3% in the first quarter. HM Payson & Co. now owns 134 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 88 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the first quarter worth about $26,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.