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 stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $220.44 and last traded at $220.44, with a volume of 6507 shares traded. The stock had previously closed at $218.10.

Consumer Discretionary Select Sector SPDR Fund Stock Up 1.7 %

The business has a 50 day simple moving average of $202.60 and a 200-day simple moving average of $189.45.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 20.5% in the 1st quarter. Russell Investments Group Ltd. now owns 429 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 73 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 1st quarter valued at about $71,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Consumer Discretionary Select Sector SPDR Fund during the 1st quarter valued at about $203,000. SVB Wealth LLC raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 3.7% during the 1st quarter. SVB Wealth LLC now owns 4,666 shares of the exchange traded fund’s stock valued at $858,000 after buying an additional 165 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of Consumer Discretionary Select Sector SPDR Fund by 2.3% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 65,104 shares of the exchange traded fund’s stock valued at $11,754,000 after buying an additional 1,440 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

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.