Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $117.16 and traded as low as $117.11. Consumer Discretionary Select Sector SPDR Fund shares last traded at $117.39, with a volume of 9,079,202 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Trading Down 0.5%

The stock’s 50-day moving average price is $117.45 and its 200-day moving average price is $117.16. The company has a market cap of $22.76 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 and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its stake in Consumer Discretionary Select Sector SPDR Fund by 98.6% during the 4th quarter. Bank of America Corp DE now owns 39,205,803 shares of the exchange traded fund’s stock valued at $4,681,565,000 after purchasing an additional 19,466,208 shares in the last quarter. Morgan Stanley raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 106.7% during the fourth quarter. Morgan Stanley now owns 7,340,011 shares of the exchange traded fund’s stock worth $876,471,000 after buying an additional 3,789,323 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 92.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,356,281 shares of the exchange traded fund’s stock valued at $520,184,000 after buying an additional 2,096,216 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 411.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,480,601 shares of the exchange traded fund’s stock valued at $296,197,000 after buying an additional 1,995,991 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 99.7% during the fourth quarter. LPL Financial LLC now owns 3,377,676 shares of the exchange traded fund’s stock valued at $403,328,000 after buying an additional 1,686,451 shares during the last quarter. Institutional investors 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.