Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Hits New 1-Year High – What’s Next?

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) hit a new 52-week high during trading on Wednesday . The company traded as high as $208.32 and last traded at $208.16, with a volume of 155946 shares trading hands. The stock had previously closed at $202.93.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The business’s 50-day moving average price is $196.22 and its 200 day moving average price is $186.20.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the second quarter valued at approximately $30,000. MCF Advisors LLC increased its position in Consumer Discretionary Select Sector SPDR Fund by 1,583.3% during the 2nd quarter. MCF Advisors LLC now owns 202 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 190 shares during the period. Balentine LLC lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 200.0% during the second quarter. Balentine LLC now owns 246 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 164 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the second quarter valued at about $49,000. Finally, LRI Investments LLC acquired a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the first quarter valued at about $71,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.