Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Hits New 52-Week High – Here’s Why

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $123.75 and last traded at $123.5420, with a volume of 6807187 shares. The stock had previously closed at $122.92.

Consumer Discretionary Select Sector SPDR Fund Stock Up 1.0%

The company has a market capitalization of $25.08 billion, a P/E ratio of 27.10 and a beta of 1.21. The business has a fifty day moving average price of $118.95 and a 200 day moving average price of $116.31.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several hedge funds have recently made changes to their positions in the business. Maseco LLP acquired a new position in Consumer Discretionary Select Sector SPDR Fund during the second quarter worth $25,000. Costello Asset Management INC boosted its stake in shares of 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 worth $25,000 after buying an additional 52 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 75.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 116 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 170.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 108 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 68 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund during the 3rd quarter worth approximately $27,000. 69.93% of the stock is owned by institutional investors.

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.