Technology Select Sector SPDR Fund (NYSEARCA:XLK) Sets New 52-Week High at $212.35

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s share price reached a new 52-week high on Friday . The company traded as high as $212.35 and last traded at $211.66, with a volume of 2065993 shares traded. The stock had previously closed at $210.48.

Technology Select Sector SPDR Fund Price Performance

The company has a market capitalization of $60.12 billion, a P/E ratio of 20.04 and a beta of 1.14. The stock’s fifty day simple moving average is $199.84 and its 200-day simple moving average is $183.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XLK. Moneta Group Investment Advisors LLC increased its holdings in shares of Technology Select Sector SPDR Fund by 358,464.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,723,883 shares of the exchange traded fund’s stock valued at $1,085,600,000 after purchasing an additional 8,721,450 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Technology Select Sector SPDR Fund by 153.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,565,079 shares of the exchange traded fund’s stock valued at $272,105,000 after buying an additional 4,517,887 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Technology Select Sector SPDR Fund during the fourth quarter worth $571,580,000. Granite Bay Wealth Management LLC lifted its stake in shares of Technology Select Sector SPDR Fund by 4,887.8% during the third quarter. Granite Bay Wealth Management LLC now owns 2,508,794 shares of the exchange traded fund’s stock valued at $430,382,000 after acquiring an additional 2,458,495 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Technology Select Sector SPDR Fund by 1,757.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,036,865 shares of the exchange traded fund’s stock valued at $354,116,000 after acquiring an additional 1,927,192 shares during the last quarter.

Technology Select Sector SPDR Fund Company Profile

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index.