Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Crosses Above Two Hundred 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 Thursday . The stock has a two hundred day moving average of $115.76 and traded as high as $116.62. Consumer Discretionary Select Sector SPDR Fund shares last traded at $115.88, with a volume of 5,231,547 shares traded.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 27.10 and a beta of 1.21. The firm has a 50 day moving average price of $116.19 and a 200-day moving average price of $115.78.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently modified their holdings of XLY. Bank of America Corp DE raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 98.6% during the 4th quarter. Bank of America Corp DE now owns 39,205,803 shares of the exchange traded fund’s stock worth $4,681,565,000 after acquiring an additional 19,466,208 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 106.7% in the 4th quarter. Morgan Stanley now owns 7,340,011 shares of the exchange traded fund’s stock valued at $876,471,000 after purchasing an additional 3,789,323 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 92.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,356,281 shares of the exchange traded fund’s stock valued at $520,184,000 after purchasing an additional 2,096,216 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 411.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,480,601 shares of the exchange traded fund’s stock valued at $296,197,000 after purchasing an additional 1,995,991 shares during the period. Finally, LPL Financial LLC grew its stake in Consumer Discretionary Select Sector SPDR Fund by 99.7% during the 4th quarter. LPL Financial LLC now owns 3,377,676 shares of the exchange traded fund’s stock worth $403,328,000 after buying an additional 1,686,451 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.