Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $116.91 and traded as high as $117.81. Consumer Discretionary Select Sector SPDR Fund shares last traded at $117.00, with a volume of 9,071,939 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Trading Down 1.6%

The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The firm has a 50-day moving average of $117.21 and a 200 day moving average of $116.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. LGT Financial Advisors LLC lifted its holdings in Consumer Discretionary Select Sector SPDR Fund by 131.1% in the 3rd quarter. LGT Financial Advisors LLC now owns 171 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 97 shares in the last quarter. Steph & Co. grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 100.0% during the fourth quarter. Steph & Co. now owns 208 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 104 shares in the last quarter. WealthShield Partners LLC increased its position 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 worth $25,000 after acquiring an additional 105 shares during the last quarter. Costello Asset Management INC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 99.1% during the fourth quarter. Costello Asset Management INC now owns 227 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 113 shares during the last quarter. Finally, Caitlin John LLC lifted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 103.5% in the fourth quarter. Caitlin John LLC now owns 232 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 118 shares in the last quarter. 69.93% of the stock is currently 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.