XLY - Consumer Discretionary ETF XLY hits 4-month trading high

2023-06-05 11:46:02 ET

Wall Street’s largest consumer discretionary exchange traded fund tracked higher on Monday morning taking the fund to its highest trading point in 4-months.

The Consumer Discretionary Select Sector SPDR Fund ( NYSEARCA: XLY ) with its $15.88B assets under management moved up 0.5% to $157.80 a share and touched $158 earlier. The $158 level was the highest trading position XLY has experienced dating back to February 2 ^nd of this year where it topped out at $158.02.

Moreover, a break above $158.02 would send XLY to its uppermost trading point since September of 2022.

XLY has now advanced 23% in 2023 and 7% since May 1 ^st . Supporting the upward push has been an influx of investor capital. Since the start of May the financial community has injected $562.57M worth of net new money into XLY according to VettaFi data.

While XLY tags new highs on Monday, it’s not the only consumer discretionary ETF to be moving to the topside of late. Other exchange traded funds include the following:

• Vanguard Consumer Discretionary ETF ( VCR )
• First Trust Consumer Discretionary AlphaDEX Fund ( FXD )
• Fidelity MSCI Consumer Discretionary Index ETF ( FDIS )
• Invesco Dynamic Leisure & Entertainment ETF ( PEJ )

Year-to-date price action: XLY +23% , VCR +21% , FXD +5.5% , FDIS +20.9% , and PEJ +10.8% .

More on Markets:

• Morgan Stanley says economy will avoid recession in 2023
• As oil rallies, here are the stocks with most and least sensitivity to crude prices
• Global Liquidity Is Going Down: A Projection For The Rest Of 2023

For further details see: