Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Shares Cross Above 200 Day Moving Average – Should You Sell?

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 $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.

Consumer Discretionary Select Sector SPDR Fund Trading Up 0.9%

The company’s fifty day moving average is $117.26 and its 200-day moving average is $116.91. The firm has a market capitalization of $22.73 billion, a P/E ratio of 27.10 and a beta of 1.21.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Hedge funds have recently bought and sold shares of the company. One Capital Management LLC grew its position in shares of Consumer Discretionary Select Sector SPDR Fund by 3.7% during the 3rd quarter. One Capital Management LLC now owns 1,563 shares of the exchange traded fund’s stock worth $375,000 after purchasing an additional 56 shares in the last quarter. Severin Investments LLC raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 5.0% in the third quarter. Severin Investments LLC now owns 1,334 shares of the exchange traded fund’s stock valued at $320,000 after buying an additional 63 shares in the last quarter. Tidal Investments LLC raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 5.2% in the second quarter. Tidal Investments LLC now owns 1,289 shares of the exchange traded fund’s stock valued at $280,000 after buying an additional 64 shares in the last quarter. Valley Wealth Managers Inc. raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 5.3% in the first quarter. Valley Wealth Managers Inc. now owns 1,687 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 85 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 4.0% in the first quarter. Ritholtz Wealth Management now owns 2,323 shares of the exchange traded fund’s stock valued at $253,000 after buying an additional 90 shares during the period. 69.93% of the stock is currently owned by institutional investors.

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.