Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Crosses Above 200-Day Moving Average of $177.68

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $177.68 and traded as high as $182.85. Consumer Discretionary Select Sector SPDR Fund shares last traded at $182.61, with a volume of 4,311,580 shares.

Consumer Discretionary Select Sector SPDR Fund Stock Up 0.8 %

The business’s fifty day moving average is $176.83 and its 200-day moving average is $177.73.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 5.8% during the third quarter. Synovus Financial Corp now owns 7,370 shares of the exchange traded fund’s stock valued at $1,187,000 after buying an additional 407 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Consumer Discretionary Select Sector SPDR Fund during the 3rd quarter valued at about $11,418,000. Per Stirling Capital Management LLC. increased its position in Consumer Discretionary Select Sector SPDR Fund by 175.3% during the 3rd quarter. Per Stirling Capital Management LLC. now owns 4,422 shares of the exchange traded fund’s stock valued at $712,000 after purchasing an additional 2,816 shares during the period. CWA Asset Management Group LLC grew its position in shares of Consumer Discretionary Select Sector SPDR Fund by 3.3% in the 3rd quarter. CWA Asset Management Group LLC now owns 3,594 shares of the exchange traded fund’s stock worth $579,000 after buying an additional 116 shares during the last quarter. Finally, Trilogy Capital Inc. acquired a new stake in Consumer Discretionary Select Sector SPDR Fund in the 4th quarter worth approximately $8,650,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

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.