Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

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 $118.25 and traded as high as $118.88. Consumer Discretionary Select Sector SPDR Fund shares last traded at $117.76, with a volume of 10,214,126 shares.

Consumer Discretionary Select Sector SPDR Fund Trading Down 0.5%

The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The stock has a 50-day moving average of $120.99 and a 200-day moving average of $118.25.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Institutional investors have recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in Consumer Discretionary Select Sector SPDR Fund by 75.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 116 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Steph & Co. increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 100.0% in the fourth quarter. Steph & Co. now owns 208 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 104 shares during the period. WealthShield Partners LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 98.1% during the fourth quarter. WealthShield Partners LLC now owns 212 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 105 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 170.0% during the third quarter. Wolff Wiese Magana LLC now owns 108 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 68 shares during the period. Finally, Caitlin John LLC acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund during the third quarter worth approximately $27,000. 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.