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

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $208.02 and traded as high as $225.54. Consumer Discretionary Select Sector SPDR Fund shares last traded at $223.78, with a volume of 2,769,121 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The business has a 50-day moving average price of $229.09 and a two-hundred day moving average price of $208.02.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

Several institutional investors and hedge funds have recently made changes to their positions in XLY. Union Bancaire Privee UBP SA purchased a new stake in Consumer Discretionary Select Sector SPDR Fund in the fourth quarter valued at approximately $28,000. 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. Roxbury Financial LLC purchased a new stake in Consumer Discretionary Select Sector SPDR Fund during the 4th quarter worth $41,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Consumer Discretionary Select Sector SPDR Fund in the 4th quarter valued at $48,000. Finally, Collier Financial purchased a new position in Consumer Discretionary Select Sector SPDR Fund in the fourth quarter valued at about $50,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

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.