Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Reaches New 12-Month High – Here’s Why

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

Consumer Discretionary Select Sector SPDR Fund Price Performance

The stock has a 50-day moving average price of $195.16 and a two-hundred day moving average price of $185.86.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of Consumer Discretionary Select Sector SPDR Fund in the second quarter worth $30,000. MCF Advisors LLC grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 1,583.3% during the second quarter. MCF Advisors LLC now owns 202 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 190 shares during the period. Balentine LLC grew its holdings in 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 valued at $45,000 after purchasing an additional 164 shares during the period. Versant Capital Management Inc bought a new stake in Consumer Discretionary Select Sector SPDR Fund during the second quarter valued at about $49,000. Finally, MGB Wealth Management LLC grew its holdings in Consumer Discretionary Select Sector SPDR Fund by 47.6% during the first quarter. MGB Wealth Management LLC now owns 310 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors 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.