Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Passes Above 200-Day Moving Average – Here’s Why

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $116.26 and traded as high as $122.13. Consumer Discretionary Select Sector SPDR Fund shares last traded at $120.90, with a volume of 11,327,731 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

The company has a market cap of $24.42 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The firm’s 50 day simple moving average is $118.83 and its 200-day simple moving average is $116.26.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 592,489.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 31,182,054 shares of the exchange traded fund’s stock valued at $6,776,796,000 after purchasing an additional 31,176,792 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 37.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,501,177 shares of the exchange traded fund’s stock worth $1,630,231,000 after purchasing an additional 2,062,965 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 24,597.6% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,826,391 shares of the exchange traded fund’s stock worth $396,930,000 after purchasing an additional 1,818,996 shares during the last quarter. Focus Partners Wealth raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 7,643.7% in the 3rd quarter. Focus Partners Wealth now owns 1,511,032 shares of the exchange traded fund’s stock valued at $362,103,000 after buying an additional 1,491,519 shares during the period. Finally, Main Management ETF Advisors LLC acquired a new position in Consumer Discretionary Select Sector SPDR Fund in the second quarter valued at about $170,858,000. Hedge funds and other 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.