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

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $187.52 and traded as high as $219.54. Consumer Discretionary Select Sector SPDR Fund shares last traded at $218.32, with a volume of 2,940,906 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The business’s fifty day simple moving average is $199.30 and its 200 day simple moving average is $187.71.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in Consumer Discretionary Select Sector SPDR Fund by 20.5% during the 1st quarter. Russell Investments Group Ltd. now owns 429 shares of the exchange traded fund’s stock valued at $79,000 after acquiring an additional 73 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in Consumer Discretionary Select Sector SPDR Fund by 32.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 10,034 shares of the exchange traded fund’s stock worth $1,845,000 after buying an additional 2,450 shares in the last quarter. Cumberland Partners Ltd boosted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 2.4% during the 1st quarter. Cumberland Partners Ltd now owns 2,929 shares of the exchange traded fund’s stock valued at $539,000 after buying an additional 69 shares during the period. Councilmark Asset Management LLC acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the first quarter worth $497,000. Finally, Cornerstone Advisors LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the first quarter worth $2,832,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.