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

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) reached a new 52-week high on Monday . The company traded as high as $237.55 and last traded at $236.34, with a volume of 312133 shares changing hands. The stock had previously closed at $235.49.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The business has a 50-day moving average of $211.53 and a 200 day moving average of $194.76.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Consumer Discretionary Select Sector SPDR Fund by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,488,213 shares of the exchange traded fund’s stock worth $453,850,000 after buying an additional 103,043 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 2.0% during the 3rd quarter. Raymond James & Associates now owns 1,732,519 shares of the exchange traded fund’s stock worth $347,145,000 after acquiring an additional 34,408 shares during the last quarter. Wulff Hansen & CO. grew its position in Consumer Discretionary Select Sector SPDR Fund by 18,140.0% in the second quarter. Wulff Hansen & CO. now owns 1,492,944 shares of the exchange traded fund’s stock worth $272,313,000 after acquiring an additional 1,484,759 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Consumer Discretionary Select Sector SPDR Fund by 3.3% in the third quarter. Janney Montgomery Scott LLC now owns 1,405,166 shares of the exchange traded fund’s stock valued at $281,553,000 after acquiring an additional 44,539 shares during the last quarter. Finally, LPL Financial LLC raised its position in Consumer Discretionary Select Sector SPDR Fund by 3.2% during the third quarter. LPL Financial LLC now owns 1,218,006 shares of the exchange traded fund’s stock valued at $244,052,000 after purchasing an additional 37,699 shares in the last quarter. Institutional investors 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.