Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share 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 Thursday . The stock has a 200-day moving average of $117.35 and traded as high as $118.85. Consumer Discretionary Select Sector SPDR Fund shares last traded at $117.74, with a volume of 7,529,787 shares.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $22.71 billion, a PE ratio of 27.10 and a beta of 1.25. The business has a 50 day moving average price of $113.58 and a 200 day moving average price of $117.35.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 98.6% in the fourth quarter. Bank of America Corp DE now owns 39,205,803 shares of the exchange traded fund’s stock worth $4,681,565,000 after acquiring an additional 19,466,208 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 106.7% during the fourth quarter. Morgan Stanley now owns 7,340,011 shares of the exchange traded fund’s stock valued at $876,471,000 after purchasing an additional 3,789,323 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 92.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,356,281 shares of the exchange traded fund’s stock valued at $520,184,000 after purchasing an additional 2,096,216 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 99.7% during the fourth quarter. LPL Financial LLC now owns 3,377,676 shares of the exchange traded fund’s stock valued at $403,328,000 after purchasing an additional 1,686,451 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 101.6% during the fourth quarter. Focus Partners Wealth now owns 3,046,790 shares of the exchange traded fund’s stock valued at $363,874,000 after purchasing an additional 1,535,758 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

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.