Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $189.66 and traded as high as $191.55. Technology Select Sector SPDR Fund shares last traded at $191.00, with a volume of 7,841,235 shares traded.
Technology Select Sector SPDR Fund Stock Performance
The business’s 50-day moving average price is $189.69 and its 200-day moving average price is $169.37. The stock has a market cap of $118.38 billion, a P/E ratio of 35.59 and a beta of 1.34.
Hedge Funds Weigh In On Technology Select Sector SPDR Fund
Several institutional investors and hedge funds have recently bought and sold shares of XLK. Downshift Financial LLC grew its holdings in Technology Select Sector SPDR Fund by 8.9% in the third quarter. Downshift Financial LLC now owns 634 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 52 shares during the last quarter. Blue Fin Capital Inc. increased its position in shares of Technology Select Sector SPDR Fund by 1.4% in the 3rd quarter. Blue Fin Capital Inc. now owns 3,793 shares of the exchange traded fund’s stock valued at $742,000 after acquiring an additional 53 shares during the period. PCG Wealth Advisors LLC increased its position in shares of Technology Select Sector SPDR Fund by 0.9% in the 2nd quarter. PCG Wealth Advisors LLC now owns 5,864 shares of the exchange traded fund’s stock valued at $1,117,000 after acquiring an additional 55 shares during the period. Brown Lisle Cummings Inc. raised its stake in Technology Select Sector SPDR Fund by 24.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 286 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 56 shares during the last quarter. Finally, Oakwell Private Wealth Management LLC raised 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 worth $545,000 after acquiring an additional 62 shares during the last quarter.
Technology Select Sector SPDR Fund Company Profile
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.
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