Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $198.99 and traded as high as $227.95. Consumer Discretionary Select Sector SPDR Fund shares last traded at $224.35, with a volume of 2,625,395 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Stock Down 1.3 %

The stock has a 50 day moving average of $220.21 and a two-hundred day moving average of $199.49.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Consumer Discretionary Select Sector SPDR Fund during the 2nd quarter valued at approximately $30,000. Morse Asset Management Inc bought a new stake in shares of Consumer Discretionary Select Sector SPDR Fund in the third quarter valued at approximately $36,000. MCF Advisors LLC grew its stake in shares of 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 worth $37,000 after acquiring an additional 190 shares during the last quarter. Balentine LLC increased its position in 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 worth $45,000 after acquiring an additional 164 shares during the period. Finally, Marathon Trading Investment Management LLC acquired a new position in Consumer Discretionary Select Sector SPDR Fund during the 2nd quarter valued at $73,000. 69.93% of the stock is currently 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.