Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $117.16 and traded as low as $117.11. Consumer Discretionary Select Sector SPDR Fund shares last traded at $117.39, with a volume of 9,079,202 shares trading hands.

Consumer Discretionary Select Sector SPDR Fund Trading Down 0.5%

The stock has a market capitalization of $22.76 billion, a P/E ratio of 27.10 and a beta of 1.21. The business has a fifty day simple moving average of $117.45 and a 200 day simple moving average of $117.16.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. M.E. Allison & CO. Inc. grew its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 2.2% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 5,793 shares of the exchange traded fund’s stock worth $679,000 after acquiring an additional 127 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 31.1% during the second quarter. GAMMA Investing LLC now owns 2,375 shares of the exchange traded fund’s stock valued at $279,000 after purchasing an additional 564 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in Consumer Discretionary Select Sector SPDR Fund by 114.8% during the second quarter. CoreCap Advisors LLC now owns 42,073 shares of the exchange traded fund’s stock worth $4,934,000 after purchasing an additional 22,490 shares during the last quarter. City Center Advisors LLC purchased a new position in Consumer Discretionary Select Sector SPDR Fund during the second quarter worth about $1,372,000. Finally, Moulton Wealth Management Inc. bought a new stake in Consumer Discretionary Select Sector SPDR Fund in the 2nd quarter worth about $282,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Consumer Discretionary Select Sector SPDR Fund Company Profile

(Get Free Report)

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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