Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of 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 $118.04 and traded as high as $122.76. Consumer Discretionary Select Sector SPDR Fund shares last traded at $120.99, with a volume of 12,443,034 shares traded.

Consumer Discretionary Select Sector SPDR Fund Trading Down 0.8%

The stock has a market capitalization of $23.74 billion, a PE ratio of 27.10 and a beta of 1.21. The firm has a 50-day moving average price of $120.99 and a 200-day moving average price of $118.04.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of XLY. RMR Wealth Builders lifted its holdings in Consumer Discretionary Select Sector SPDR Fund by 2.9% during the third quarter. RMR Wealth Builders now owns 1,611 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 45 shares during the last quarter. Rice Partnership LLC lifted its holdings in Consumer Discretionary Select Sector SPDR Fund by 11.0% during the 3rd quarter. Rice Partnership LLC now owns 454 shares of the exchange traded fund’s stock worth $109,000 after purchasing an additional 45 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 2.6% in the 2nd quarter. Jackson Hole Capital Partners LLC now owns 1,867 shares of the exchange traded fund’s stock worth $406,000 after purchasing an additional 47 shares during the period. M.E. Allison & CO. Inc. grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 1.9% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 2,672 shares of the exchange traded fund’s stock valued at $581,000 after buying an additional 50 shares in the last quarter. Finally, Empirical Asset Management LLC grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 1.8% during the 2nd quarter. Empirical Asset Management LLC now owns 2,902 shares of the exchange traded fund’s stock valued at $631,000 after buying an additional 50 shares in the last quarter. 69.93% of the stock is 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.