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 Friday . The stock has a 200-day moving average of $204.34 and traded as high as $231.71. Consumer Discretionary Select Sector SPDR Fund shares last traded at $230.01, with a volume of 1,771,745 shares.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The stock’s 50-day moving average is $226.60 and its two-hundred day moving average is $204.34.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the stock. Regal Investment Advisors LLC grew its stake in Consumer Discretionary Select Sector SPDR Fund by 5.6% in the 2nd quarter. Regal Investment Advisors LLC now owns 4,681 shares of the exchange traded fund’s stock worth $854,000 after acquiring an additional 248 shares in the last quarter. University of Texas Texas AM Investment Management Co. boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 12.0% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 1,548 shares of the exchange traded fund’s stock valued at $282,000 after purchasing an additional 166 shares in the last quarter. Granite Bay Wealth Management LLC bought a new position in shares of Consumer Discretionary Select Sector SPDR Fund during the second quarter valued at approximately $201,000. Advisory Alpha LLC boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 18.3% during the second quarter. Advisory Alpha LLC now owns 228,029 shares of the exchange traded fund’s stock valued at $41,593,000 after purchasing an additional 35,292 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 236.5% during the second quarter. Bank of Montreal Can now owns 42,120 shares of the exchange traded fund’s stock valued at $7,683,000 after purchasing an additional 72,973 shares in the last quarter. 69.93% of the stock is currently owned by 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.