Investors bought shares of Consumer Discretionary SPDR (NYSEARCA:XLY) on weakness during trading hours on Wednesday. $116.13 million flowed into the stock on the tick-up and $51.09 million flowed out of the stock on the tick-down, for a money net flow of $65.04 million into the stock. Of all companies tracked, Consumer Discretionary SPDR had the 8th highest net in-flow for the day. Consumer Discretionary SPDR traded down ($0.63) for the day and closed at $96.54

Separately, Morgan Stanley downgraded Consumer Discretionary SPDR to an “underweight” rating in a research note on Monday, September 25th.

Several institutional investors have recently added to or reduced their stakes in XLY. Ballentine Partners LLC increased its stake in shares of Consumer Discretionary SPDR by 24.9% in the second quarter. Ballentine Partners LLC now owns 1,659 shares of the exchange traded fund’s stock valued at $152,000 after buying an additional 331 shares during the period. Signet Financial Management LLC bought a new stake in Consumer Discretionary SPDR in the second quarter valued at approximately $157,000. Schroder Investment Management Group boosted its holdings in Consumer Discretionary SPDR by 72.2% in the third quarter. Schroder Investment Management Group now owns 1,860 shares of the exchange traded fund’s stock valued at $167,000 after acquiring an additional 780 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Consumer Discretionary SPDR by 117.0% in the third quarter. Meeder Asset Management Inc. now owns 1,862 shares of the exchange traded fund’s stock valued at $168,000 after acquiring an additional 1,004 shares during the last quarter. Finally, McAdam LLC bought a new stake in Consumer Discretionary SPDR in the second quarter valued at approximately $202,000.

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Consumer Discretionary SPDR 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.

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