Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $116.08 and traded as high as $119.86. Consumer Discretionary Select Sector SPDR Fund shares last traded at $119.67, with a volume of 4,466,139 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Stock Down 1.1%

The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The stock’s 50 day moving average is $115.90 and its 200 day moving average is $116.07.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of XLY. Trust Co. of Vermont acquired a new stake in shares of Consumer Discretionary Select Sector SPDR Fund in the second quarter valued at $256,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Consumer Discretionary Select Sector SPDR Fund by 0.9% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 21,423 shares of the exchange traded fund’s stock worth $2,512,000 after acquiring an additional 185 shares in the last quarter. Bogart Wealth LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 38.4% in the second quarter. Bogart Wealth LLC now owns 364 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 101 shares in the last quarter. Nelson Capital Management LLC lifted its holdings in Consumer Discretionary Select Sector SPDR Fund by 4.7% in the 2nd quarter. Nelson Capital Management LLC now owns 31,794 shares of the exchange traded fund’s stock valued at $3,729,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its holdings in Consumer Discretionary Select Sector SPDR Fund by 8.5% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 20,741 shares of the exchange traded fund’s stock valued at $2,433,000 after acquiring an additional 1,625 shares during the last quarter. Institutional investors 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.