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

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $204.34 and traded as high as $231.71. Consumer Discretionary Select Sector SPDR Fund shares last traded at $230.01, with a volume of 1,771,745 shares traded.

Consumer Discretionary Select Sector SPDR Fund Stock Performance

The company has a 50 day simple moving average of $226.60 and a 200 day simple moving average of $204.44.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Large investors have recently modified their holdings of the stock. Union Bancaire Privee UBP SA purchased a new position in Consumer Discretionary Select Sector SPDR Fund in the fourth quarter valued at about $28,000. Morse Asset Management Inc purchased a new position in Consumer Discretionary Select Sector SPDR Fund in the third quarter valued at about $36,000. Register Financial Advisors LLC boosted its holdings in Consumer Discretionary Select Sector SPDR Fund by 33.0% in the fourth quarter. Register Financial Advisors LLC now owns 246 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 61 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Consumer Discretionary Select Sector SPDR Fund by 84.1% in the fourth quarter. AdvisorNet Financial Inc now owns 416 shares of the exchange traded fund’s stock valued at $93,000 after purchasing an additional 190 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in Consumer Discretionary Select Sector SPDR Fund in the third quarter valued at about $85,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.