Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Shares Cross Above 200 Day Moving Average – What’s Next?

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 $209.65 and traded as high as $226.36. Consumer Discretionary Select Sector SPDR Fund shares last traded at $226.24, with a volume of 1,998,163 shares traded.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The stock’s 50 day moving average is $228.48 and its 200-day moving average is $209.65.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,670,634 shares of the exchange traded fund’s stock valued at $599,157,000 after purchasing an additional 74,392 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,357,083 shares of the exchange traded fund’s stock worth $528,789,000 after buying an additional 296,906 shares during the period. Raymond James Financial Inc. purchased a new position in Consumer Discretionary Select Sector SPDR Fund during the fourth quarter worth $457,095,000. LPL Financial LLC boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 47.4% during the fourth quarter. LPL Financial LLC now owns 1,795,698 shares of the exchange traded fund’s stock worth $402,865,000 after buying an additional 577,692 shares during the period. Finally, CHURCHILL MANAGEMENT Corp boosted its stake in Consumer Discretionary Select Sector SPDR Fund by 96.3% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,537,909 shares of the exchange traded fund’s stock worth $345,030,000 after buying an additional 754,562 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

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.