Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Shares Cross Above Two Hundred Day Moving Average of $172.58

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $172.58 and traded as high as $174.19. Consumer Discretionary Select Sector SPDR Fund shares last traded at $172.33, with a volume of 6,166,099 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Stock Down 0.9 %

The business’s 50 day moving average is $179.92 and its 200-day moving average is $172.63.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 7.2% during the 1st quarter. Westside Investment Management Inc. now owns 1,193 shares of the exchange traded fund’s stock worth $219,000 after purchasing an additional 80 shares during the last quarter. TCP Asset Management LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 44.6% during the 1st quarter. TCP Asset Management LLC now owns 34,925 shares of the exchange traded fund’s stock worth $6,422,000 after purchasing an additional 10,765 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 7.1% during the 1st quarter. Valeo Financial Advisors LLC now owns 9,130 shares of the exchange traded fund’s stock worth $1,679,000 after purchasing an additional 606 shares during the last quarter. Evolution Wealth Advisors LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 0.9% during the 1st quarter. Evolution Wealth Advisors LLC now owns 14,995 shares of the exchange traded fund’s stock worth $2,757,000 after purchasing an additional 140 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 555,080.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 55,518 shares of the exchange traded fund’s stock worth $10,209,000 after purchasing an additional 55,508 shares during the last quarter. 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.