Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $183.63 and traded as high as $198.96. Consumer Discretionary Select Sector SPDR Fund shares last traded at $198.91, with a volume of 2,255,107 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Stock Up 0.4 %

The firm’s fifty day moving average is $191.29 and its 200-day moving average is $183.86.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently bought and sold shares of XLY. CHICAGO TRUST Co NA increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 2.2% during the third quarter. CHICAGO TRUST Co NA now owns 2,498 shares of the exchange traded fund’s stock worth $501,000 after acquiring an additional 54 shares in the last quarter. InTrack Investment Management Inc grew its position in Consumer Discretionary Select Sector SPDR Fund by 3.0% in the 2nd quarter. InTrack Investment Management Inc now owns 1,867 shares of the exchange traded fund’s stock worth $341,000 after purchasing an additional 55 shares in the last quarter. Insight Advisors LLC PA boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 1.8% in the second quarter. Insight Advisors LLC PA now owns 3,122 shares of the exchange traded fund’s stock valued at $570,000 after acquiring an additional 55 shares during the last quarter. Hurlow Wealth Management Group Inc. boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 4.4% in the third quarter. Hurlow Wealth Management Group Inc. now owns 1,295 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 55 shares during the last quarter. Finally, Freestone Capital Holdings LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 3.0% in the first quarter. Freestone Capital Holdings LLC now owns 2,048 shares of the exchange traded fund’s stock valued at $377,000 after acquiring an additional 60 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.