Technology Select Sector SPDR Fund Stock Scheduled to Split on Friday, December 5th (NYSEARCA:XLK)

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s stock is scheduled to split on Friday, December 5th. The 2-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Thursday, December 4th.

Technology Select Sector SPDR Fund Trading Up 1.2%

Shares of Technology Select Sector SPDR Fund stock opened at $283.78 on Thursday. The firm has a fifty day simple moving average of $286.67 and a 200-day simple moving average of $264.64. The stock has a market capitalization of $91.66 billion, a price-to-earnings ratio of 35.59 and a beta of 1.21. Technology Select Sector SPDR Fund has a 1-year low of $172.45 and a 1-year high of $305.99.

Hedge Funds Weigh In On Technology Select Sector SPDR Fund

Several large investors have recently made changes to their positions in XLK. Evermay Wealth Management LLC acquired a new stake in shares of Technology Select Sector SPDR Fund in the second quarter worth $25,000. Sachetta LLC grew its position in Technology Select Sector SPDR Fund by 102.0% in the 3rd quarter. Sachetta LLC now owns 101 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 51 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Technology Select Sector SPDR Fund during the 3rd quarter worth about $28,000. Rise Advisors LLC bought a new stake in shares of Technology Select Sector SPDR Fund in the second quarter valued at about $29,000. Finally, DHJJ Financial Advisors Ltd. grew its position in Technology Select Sector SPDR Fund by 1,514.3% during the second quarter. DHJJ Financial Advisors Ltd. now owns 113 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 106 shares in the last quarter.

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.