Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $116.28 and traded as high as $116.39. Consumer Discretionary Select Sector SPDR Fund shares last traded at $116.09, with a volume of 13,158,004 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Trading Up 3.3%

The company has a market cap of $22.50 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The stock has a 50 day moving average price of $116.04 and a two-hundred day moving average price of $116.28.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several hedge funds have recently added to or reduced their stakes in XLY. LGT Financial Advisors LLC increased its stake in shares of 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 valued at $41,000 after acquiring an additional 97 shares during the last quarter. Steph & Co. raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 100.0% in the 4th quarter. Steph & Co. now owns 208 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 104 shares during the period. WealthShield Partners LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 98.1% during the 4th 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 boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 99.1% during the 4th 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 grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 103.5% during the fourth quarter. Caitlin John LLC now owns 232 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 118 shares during the period. 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.