Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $117.37 and traded as high as $118.44. Consumer Discretionary Select Sector SPDR Fund shares last traded at $118.18, with a volume of 8,034,726 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The business’s fifty day simple moving average is $113.42 and its two-hundred day simple moving average is $117.37. The company has a market cap of $22.75 billion, a PE ratio of 27.10 and a beta of 1.25.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of hedge funds have recently added to or reduced their stakes in XLY. Corient Private Wealth LLC lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 35.1% during the second quarter. Corient Private Wealth LLC now owns 80,895 shares of the exchange traded fund’s stock worth $17,581,000 after purchasing an additional 21,025 shares in the last quarter. TCP Asset Management LLC lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 3.1% during the third quarter. TCP Asset Management LLC now owns 44,176 shares of the exchange traded fund’s stock worth $10,586,000 after purchasing an additional 1,311 shares in the last quarter. Montecito Bank & Trust acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund during the third quarter worth $1,653,000. Moulton Wealth Management Inc. lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 1.8% during the third quarter. Moulton Wealth Management Inc. now owns 4,061 shares of the exchange traded fund’s stock worth $973,000 after purchasing an additional 71 shares in the last quarter. Finally, M.E. Allison & CO. Inc. lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 3.9% during the third quarter. M.E. Allison & CO. Inc. now owns 2,776 shares of the exchange traded fund’s stock worth $665,000 after purchasing an additional 104 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.