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

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Consumer Discretionary Select Sector SPDR Fund Stock Up 0.3 %

The business has a 50 day simple moving average of $222.55 and a 200-day simple moving average of $200.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of XLY. Morse Asset Management Inc acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund during the 3rd quarter valued at $36,000. Marathon Trading Investment Management LLC acquired a new stake in Consumer Discretionary Select Sector SPDR Fund during the second quarter valued at approximately $73,000. Compagnie Lombard Odier SCmA bought a new stake in Consumer Discretionary Select Sector SPDR Fund during the third quarter worth approximately $85,000. Banque Cantonale Vaudoise boosted its holdings in Consumer Discretionary Select Sector SPDR Fund by 39.0% during the third quarter. Banque Cantonale Vaudoise now owns 428 shares of the exchange traded fund’s stock worth $86,000 after buying an additional 120 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in Consumer Discretionary Select Sector SPDR Fund in the third quarter worth approximately $95,000. 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.