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

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $196.76 and traded as high as $229.40. Consumer Discretionary Select Sector SPDR Fund shares last traded at $229.17, with a volume of 2,961,245 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The firm has a 50-day moving average of $216.49 and a 200-day moving average of $197.52.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of XLY. Concurrent Investment Advisors LLC increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 7.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,023 shares of the exchange traded fund’s stock valued at $6,023,000 after purchasing an additional 2,337 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 44,884.3% during the 2nd quarter. Anfield Capital Management LLC now owns 31,489 shares of the exchange traded fund’s stock valued at $5,744,000 after buying an additional 31,419 shares in the last quarter. TrinityPoint Wealth LLC grew its stake in Consumer Discretionary Select Sector SPDR Fund by 2.7% in the 2nd quarter. TrinityPoint Wealth LLC now owns 18,357 shares of the exchange traded fund’s stock valued at $3,348,000 after acquiring an additional 483 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in Consumer Discretionary Select Sector SPDR Fund by 42.6% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 7,717 shares of the exchange traded fund’s stock worth $1,408,000 after acquiring an additional 2,307 shares in the last quarter. Finally, Davies Financial Advisors Inc. raised its position in Consumer Discretionary Select Sector SPDR Fund by 1.3% during the second quarter. Davies Financial Advisors Inc. now owns 5,057 shares of the exchange traded fund’s stock worth $922,000 after acquiring an additional 63 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.