Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $115.73 and traded as high as $120.78. Consumer Discretionary Select Sector SPDR Fund shares last traded at $120.36, with a volume of 4,170,085 shares.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

The firm has a market capitalization of $24.70 billion, a PE ratio of 27.10 and a beta of 1.21. The business’s fifty day simple moving average is $118.79 and its 200-day simple moving average is $115.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of Consumer Discretionary Select Sector SPDR Fund in the third quarter worth about $64,000. Keel Point LLC grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 43.8% during the 3rd quarter. Keel Point LLC now owns 4,149 shares of the exchange traded fund’s stock valued at $994,000 after buying an additional 1,263 shares in the last quarter. Severin Investments LLC increased its stake in Consumer Discretionary Select Sector SPDR Fund by 5.0% in the 3rd quarter. Severin Investments LLC now owns 1,334 shares of the exchange traded fund’s stock worth $320,000 after acquiring an additional 63 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 14.5% during the 3rd quarter. Allworth Financial LP now owns 5,656 shares of the exchange traded fund’s stock worth $1,355,000 after acquiring an additional 716 shares in the last quarter. Finally, Stillwater Wealth Management Group purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 3rd quarter worth approximately $312,000. Institutional investors 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.