Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Shares Pass Above 200 Day Moving Average – Time to Sell?

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $222.68 and traded as high as $242.99. Consumer Discretionary Select Sector SPDR Fund shares last traded at $242.18, with a volume of 5,347,959 shares changing hands.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

The business has a 50-day simple moving average of $236.95 and a 200 day simple moving average of $222.68. The firm has a market cap of $24.86 billion, a P/E ratio of 27.10 and a beta of 1.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Maseco LLP bought a new position in Consumer Discretionary Select Sector SPDR Fund during the 2nd quarter valued at approximately $25,000. Costello Asset Management INC raised its position in Consumer Discretionary Select Sector SPDR Fund by 83.9% during the 2nd quarter. Costello Asset Management INC now owns 114 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 52 shares during the last quarter. Tortoise Investment Management LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 75.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 116 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. HM Payson & Co. raised its position in Consumer Discretionary Select Sector SPDR Fund by 191.3% during the 1st quarter. HM Payson & Co. now owns 134 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 88 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in Consumer Discretionary Select Sector SPDR Fund during the 1st quarter valued at approximately $26,000. 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.