Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Hits New 52-Week High – Here’s Why

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) reached a new 52-week high on Monday . The company traded as high as $220.44 and last traded at $220.44, with a volume of 6507 shares traded. The stock had previously closed at $218.10.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

The stock’s 50 day moving average is $202.60 and its two-hundred day moving average is $189.45.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLY. Orleans Capital Management Corp LA boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 3.6% in the first quarter. Orleans Capital Management Corp LA now owns 20,365 shares of the exchange traded fund’s stock valued at $3,745,000 after acquiring an additional 705 shares during the period. Soltis Investment Advisors LLC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 1.7% in the first quarter. Soltis Investment Advisors LLC now owns 12,763 shares of the exchange traded fund’s stock valued at $2,347,000 after buying an additional 208 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the first quarter valued at $214,000. Jane Street Group LLC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 419.9% in the first quarter. Jane Street Group LLC now owns 282,706 shares of the exchange traded fund’s stock valued at $51,987,000 after buying an additional 228,333 shares in the last quarter. Finally, Advisory Resource Group increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 15.5% in the first quarter. Advisory Resource Group now owns 5,327 shares of the exchange traded fund’s stock valued at $980,000 after buying an additional 716 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

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.