Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $184.36 and traded as high as $200.45. Consumer Discretionary Select Sector SPDR Fund shares last traded at $200.18, with a volume of 3,436,478 shares traded.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The company has a 50 day simple moving average of $192.85 and a 200-day simple moving average of $184.36.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors have recently made changes to their positions in XLY. Rothschild Investment LLC bought a new stake in shares of Consumer Discretionary Select Sector SPDR Fund in the 2nd quarter valued at about $30,000. MCF Advisors LLC lifted its position in Consumer Discretionary Select Sector SPDR Fund by 1,583.3% in the second quarter. MCF Advisors LLC now owns 202 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 190 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the first quarter valued at approximately $41,000. Balentine LLC boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 200.0% during the second quarter. Balentine LLC now owns 246 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 164 shares during the period. Finally, BOK Financial Private Wealth Inc. grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 242.5% in the first quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other 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.