Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Free Report) saw some unusual options trading activity on Friday. Traders purchased 41,644 put options on the company. This represents an increase of 55% compared to the typical volume of 26,897 put options.
Technology Select Sector SPDR Fund Stock Performance
XLK stock traded up $2.12 during midday trading on Friday, hitting $187.45. 3,630,841 shares of the stock were exchanged, compared to its average volume of 14,995,903. The stock’s 50-day moving average price is $183.28 and its 200-day moving average price is $161.33. The stock has a market cap of $123.31 billion, a price-to-earnings ratio of 35.59 and a beta of 1.34. Technology Select Sector SPDR Fund has a fifty-two week low of $126.68 and a fifty-two week high of $198.73.
Institutional Investors Weigh In On Technology Select Sector SPDR Fund
Large investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. raised its stake in shares of Technology Select Sector SPDR Fund by 30.2% during the 2nd quarter. Rakuten Securities Inc. now owns 164 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 38 shares during the last quarter. Moors & Cabot Inc. grew its stake in Technology Select Sector SPDR Fund by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 9,365 shares of the exchange traded fund’s stock valued at $2,639,000 after acquiring an additional 39 shares during the last quarter. Oakwell Private Wealth Management LLC grew its stake in Technology Select Sector SPDR Fund by 1.5% in the 1st quarter. Oakwell Private Wealth Management LLC now owns 4,104 shares of the exchange traded fund’s stock valued at $545,000 after acquiring an additional 62 shares during the last quarter. SouthState Bank Corp increased its holdings in Technology Select Sector SPDR Fund by 1.8% during the 1st quarter. SouthState Bank Corp now owns 3,906 shares of the exchange traded fund’s stock valued at $519,000 after acquiring an additional 69 shares in the last quarter. Finally, Meridian Financial Advisors LLC raised its position in Technology Select Sector SPDR Fund by 1.4% during the first quarter. Meridian Financial Advisors LLC now owns 4,931 shares of the exchange traded fund’s stock worth $655,000 after acquiring an additional 70 shares during the last quarter.
About Technology Select Sector SPDR Fund
The Technology Select Sector SPDR Fund is an exchange-traded fund that aims to track, before fees and expenses, the performance of the Technology Select Sector Index. The index is designed to represent the technology companies within the S&P 500 and provides concentrated exposure to industries such as software, semiconductors, IT services, communications equipment, and technology hardware.
See Also
- Five stocks we like better than Technology Select Sector SPDR Fund
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
- Why the Landlord of the AI Boom Could Outlast the Chipmakers
Receive News & Ratings for Technology Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Technology Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.
