Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $116.96 and traded as high as $123.04. Consumer Discretionary Select Sector SPDR Fund shares last traded at $122.30, with a volume of 7,054,789 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Stock Down 0.3%

The firm has a market cap of $24.18 billion, a P/E ratio of 27.10 and a beta of 1.21. The business has a fifty day simple moving average of $119.43 and a 200-day simple moving average of $117.01.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently made changes to their positions in XLY. JPMorgan Chase & Co. increased its position in Consumer Discretionary Select Sector SPDR Fund by 37.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,501,177 shares of the exchange traded fund’s stock valued at $1,630,231,000 after buying an additional 2,062,965 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 17.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,653,639 shares of the exchange traded fund’s stock worth $635,918,000 after acquiring an additional 397,015 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 0.3% during the second quarter. Raymond James Financial Inc. now owns 2,043,426 shares of the exchange traded fund’s stock valued at $444,098,000 after acquiring an additional 5,405 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 16.5% during the second quarter. Ameriprise Financial Inc. now owns 2,037,719 shares of the exchange traded fund’s stock valued at $442,790,000 after acquiring an additional 289,047 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 24,597.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,826,391 shares of the exchange traded fund’s stock worth $396,930,000 after purchasing an additional 1,818,996 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.