Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $117.66 and traded as low as $107.93. Consumer Discretionary Select Sector SPDR Fund shares last traded at $109.04, with a volume of 6,908,673 shares.

Consumer Discretionary Select Sector SPDR Fund Trading Up 0.8%

The company has a market cap of $21.46 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The business has a fifty day moving average of $114.56 and a two-hundred day moving average of $117.66.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of XLY. Brighton Jones LLC raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 14.9% in the 4th quarter. Brighton Jones LLC now owns 1,169 shares of the exchange traded fund’s stock worth $262,000 after purchasing an additional 152 shares during the period. Bison Wealth LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 34.5% during the fourth quarter. Bison Wealth LLC now owns 1,519 shares of the exchange traded fund’s stock valued at $341,000 after acquiring an additional 390 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 65.1% during the first quarter. AQR Capital Management LLC now owns 14,272 shares of the exchange traded fund’s stock valued at $2,818,000 after acquiring an additional 5,627 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 1,162.7% during the first quarter. Empowered Funds LLC now owns 5,821 shares of the exchange traded fund’s stock valued at $1,149,000 after acquiring an additional 5,360 shares during the last quarter. Finally, Schnieders Capital Management LLC. acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund during the second quarter valued at approximately $1,124,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

About Consumer Discretionary Select Sector SPDR Fund

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.