Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) Sets New 52-Week High – Still a Buy?

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 $237.55 and last traded at $236.34, with a volume of 312133 shares trading hands. The stock had previously closed at $235.49.

Consumer Discretionary Select Sector SPDR Fund Stock Up 0.3 %

The company has a fifty day moving average price of $213.25 and a 200 day moving average price of $195.66.

Institutional Investors Weigh In On Consumer Discretionary Select Sector SPDR Fund

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in Consumer Discretionary Select Sector SPDR Fund by 4.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,488,213 shares of the exchange traded fund’s stock valued at $453,850,000 after purchasing an additional 103,043 shares during the period. Raymond James & Associates raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 2.0% in 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 in the last quarter. Wulff Hansen & CO. raised its position in shares of Consumer Discretionary Select Sector SPDR Fund by 18,140.0% in the 2nd 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 lifted its stake in shares of Consumer Discretionary Select Sector SPDR Fund by 3.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,405,166 shares of the exchange traded fund’s stock valued at $281,553,000 after purchasing an additional 44,539 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Consumer Discretionary Select Sector SPDR Fund by 3.2% in the 3rd quarter. LPL Financial LLC now owns 1,218,006 shares of the exchange traded fund’s stock worth $244,052,000 after purchasing an additional 37,699 shares in the last quarter. Hedge funds and other 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.