Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Hits New 1-Year High – Still a Buy?

Shares of Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) reached a new 52-week high on Monday . The stock traded as high as $223.48 and last traded at $223.48, with a volume of 651 shares traded. The stock had previously closed at $222.30.

Consumer Discretionary Select Sector SPDR Fund Price Performance

The business has a 50 day moving average price of $205.23 and a 200-day moving average price of $190.93.

Institutional Trading of Consumer Discretionary Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of the stock. Wulff Hansen & CO. raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 18,140.0% during the second quarter. Wulff Hansen & CO. now owns 1,492,944 shares of the exchange traded fund’s stock worth $272,313,000 after purchasing an additional 1,484,759 shares during the period. International Assets Investment Management LLC increased its position in shares of Consumer Discretionary Select Sector SPDR Fund by 20,782.4% during the third quarter. International Assets Investment Management LLC now owns 921,957 shares of the exchange traded fund’s stock valued at $184,733,000 after acquiring an additional 917,542 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Consumer Discretionary Select Sector SPDR Fund by 3,350.0% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 690,000 shares of the exchange traded fund’s stock worth $138,255,000 after acquiring an additional 670,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Consumer Discretionary Select Sector SPDR Fund by 285.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 834,337 shares of the exchange traded fund’s stock worth $167,176,000 after purchasing an additional 617,949 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Consumer Discretionary Select Sector SPDR Fund in the 3rd quarter valued at $64,118,000. 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.