Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Hits New 1-Year High – What’s Next?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $123.75 and last traded at $123.5420, with a volume of 6807187 shares changing hands. The stock had previously closed at $122.92.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The stock has a market capitalization of $25.08 billion, a P/E ratio of 27.10 and a beta of 1.21. The company’s 50-day simple moving average is $118.95 and its 200-day simple moving average is $116.31.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. jvl associates llc raised its stake in Consumer Discretionary Select Sector SPDR Fund by 100.0% in the fourth quarter. jvl associates llc now owns 29,574 shares of the exchange traded fund’s stock valued at $3,531,000 after buying an additional 14,787 shares during the period. Montecito Bank & Trust boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 100.0% during the 4th quarter. Montecito Bank & Trust now owns 13,798 shares of the exchange traded fund’s stock worth $1,648,000 after acquiring an additional 6,899 shares during the period. Graves Light Lenhart Wealth Inc. increased its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 99.9% during the 4th quarter. Graves Light Lenhart Wealth Inc. now owns 2,949 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 1,474 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in Consumer Discretionary Select Sector SPDR Fund by 98.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 2,090 shares of the exchange traded fund’s stock valued at $250,000 after acquiring an additional 1,037 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in Consumer Discretionary Select Sector SPDR Fund by 62.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 43,774 shares of the exchange traded fund’s stock valued at $5,227,000 after acquiring an additional 16,815 shares during the period. 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.