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

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $115.88 and traded as high as $119.06. Consumer Discretionary Select Sector SPDR Fund shares last traded at $118.59, with a volume of 7,526,389 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

The firm has a 50 day moving average price of $116.16 and a two-hundred day moving average price of $115.84. The company has a market capitalization of $22.87 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 made changes to their positions in the company. Retireful LLC acquired a new position in Consumer Discretionary Select Sector SPDR Fund in the second quarter valued at about $2,562,000. Continuum Advisory LLC acquired a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the second quarter worth approximately $197,000. Clarus Wealth Advisors raised its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 12.2% in the second quarter. Clarus Wealth Advisors now owns 19,980 shares of the exchange traded fund’s stock valued at $2,304,000 after acquiring an additional 2,175 shares during the last quarter. Chesapeake Wealth Management raised its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 1.7% in the second quarter. Chesapeake Wealth Management now owns 25,233 shares of the exchange traded fund’s stock valued at $2,959,000 after acquiring an additional 431 shares during the last quarter. Finally, Nwam LLC boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 15.1% in the 2nd quarter. Nwam LLC now owns 18,239 shares of the exchange traded fund’s stock worth $2,139,000 after acquiring an additional 2,393 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.