Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Hits New 52-Week High – Here’s Why

Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY)’s share price 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 changing hands. The stock had previously closed at $202.93.

Consumer Discretionary Select Sector SPDR Fund Trading Up 1.4 %

The firm has a 50-day moving average price of $196.22 and a two-hundred day moving average price of $186.20.

Hedge Funds Weigh In On Consumer Discretionary Select Sector SPDR Fund

A number of large investors have recently bought and sold shares of XLY. Geneos Wealth Management Inc. grew its position in Consumer Discretionary Select Sector SPDR Fund by 28.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,571 shares of the exchange traded fund’s stock valued at $473,000 after purchasing an additional 565 shares in the last quarter. Leuthold Group LLC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 2.4% in the first quarter. Leuthold Group LLC now owns 2,831 shares of the exchange traded fund’s stock valued at $521,000 after acquiring an additional 67 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 91.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 49,807 shares of the exchange traded fund’s stock valued at $9,159,000 after acquiring an additional 23,734 shares during the last quarter. SG Americas Securities LLC raised its holdings in Consumer Discretionary Select Sector SPDR Fund by 133.2% during the first quarter. SG Americas Securities LLC now owns 115,135 shares of the exchange traded fund’s stock worth $21,172,000 after acquiring an additional 462,422 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in Consumer Discretionary Select Sector SPDR Fund by 16.9% during the first quarter. Wealthspire Advisors LLC now owns 2,937 shares of the exchange traded fund’s stock valued at $540,000 after purchasing an additional 424 shares during the last quarter. 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.