Technology Select Sector SPDR Fund (NYSEARCA:XLK) Shares Cross Above Fifty Day Moving Average of $204.10

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $204.10 and traded as high as $209.41. Technology Select Sector SPDR Fund shares last traded at $208.52, with a volume of 4,367,387 shares traded.

Technology Select Sector SPDR Fund Stock Performance

The firm has a market cap of $60.41 billion, a P/E ratio of 20.04 and a beta of 1.14. The business’s 50-day simple moving average is $204.72 and its 200 day simple moving average is $187.38.

Institutional Investors Weigh In On Technology Select Sector SPDR Fund

A number of hedge funds have recently modified their holdings of XLK. New Republic Capital LLC bought a new position in shares of Technology Select Sector SPDR Fund during the 2nd quarter valued at about $25,000. Pacifica Partners Inc. bought a new position in shares of Technology Select Sector SPDR Fund during the 3rd quarter valued at about $25,000. Russell Investments Group Ltd. bought a new position in shares of Technology Select Sector SPDR Fund in the 4th quarter valued at about $25,000. LM Advisors LLC bought a new position in shares of Technology Select Sector SPDR Fund in the 4th quarter valued at about $27,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Technology Select Sector SPDR Fund in the 4th quarter valued at about $30,000.

About Technology Select Sector SPDR Fund

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.