Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $213.33 and traded as high as $217.82. Consumer Discretionary Select Sector SPDR Fund shares last traded at $217.67, with a volume of 2,985,220 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Stock Up 0.9%

The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 25.86 and a beta of 1.23. The stock’s 50 day moving average price is $196.25 and its two-hundred day moving average price is $213.42.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently modified their holdings of XLY. JPMorgan Chase & Co. raised its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 7.2% in the 1st quarter. JPMorgan Chase & Co. now owns 5,438,212 shares of the exchange traded fund’s stock valued at $1,073,847,000 after acquiring an additional 362,968 shares during the period. Envestnet Asset Management Inc. grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 2.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,670,634 shares of the exchange traded fund’s stock worth $599,157,000 after acquiring an additional 74,392 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 14.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,357,083 shares of the exchange traded fund’s stock valued at $528,789,000 after buying an additional 296,906 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Consumer Discretionary Select Sector SPDR Fund in the 4th quarter valued at $457,095,000. Finally, LPL Financial LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 47.4% in the 4th quarter. LPL Financial LLC now owns 1,795,698 shares of the exchange traded fund’s stock valued at $402,865,000 after purchasing an additional 577,692 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other 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.