Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $200.97 and traded as high as $223.89. Consumer Discretionary Select Sector SPDR Fund shares last traded at $223.01, with a volume of 2,654,490 shares.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

The company has a fifty day simple moving average of $222.55 and a 200-day simple moving average of $200.97.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XLY. CHICAGO TRUST Co NA increased its stake in Consumer Discretionary Select Sector SPDR Fund by 2.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 2,498 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 54 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 11.7% in the third quarter. Sunbelt Securities Inc. now owns 516 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 54 shares during the last quarter. Hurlow Wealth Management Group Inc. increased its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 4.4% in the third quarter. Hurlow Wealth Management Group Inc. now owns 1,295 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 55 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 6,124 shares of the exchange traded fund’s stock worth $1,227,000 after acquiring an additional 55 shares in the last quarter. Finally, Colony Family Offices LLC boosted its position in Consumer Discretionary Select Sector SPDR Fund by 0.5% during the third quarter. Colony Family Offices LLC now owns 11,391 shares of the exchange traded fund’s stock valued at $2,282,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds 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.