Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Free Report)’s share price hit a new 52-week high on Friday . The company traded as high as $180.67 and last traded at $180.4980, with a volume of 409783 shares. The stock had previously closed at $178.60.
Technology Select Sector SPDR Fund Trading Up 1.5%
The business has a 50-day moving average price of $151.72 and a two-hundred day moving average price of $146.30. The firm has a market capitalization of $117.54 billion, a price-to-earnings ratio of 35.59 and a beta of 1.29.
Institutional Trading of Technology Select Sector SPDR Fund
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in Technology Select Sector SPDR Fund by 97.7% in the 4th quarter. Bank of America Corp DE now owns 23,654,593 shares of the exchange traded fund’s stock valued at $3,405,552,000 after acquiring an additional 11,689,331 shares during the period. Morgan Stanley increased its position in Technology Select Sector SPDR Fund by 83.7% in the 4th quarter. Morgan Stanley now owns 19,348,529 shares of the exchange traded fund’s stock valued at $2,785,608,000 after acquiring an additional 8,818,215 shares during the period. Focus Partners Wealth increased its position in Technology Select Sector SPDR Fund by 96.3% in the 4th quarter. Focus Partners Wealth now owns 13,123,017 shares of the exchange traded fund’s stock valued at $1,889,321,000 after acquiring an additional 6,437,393 shares during the period. Raymond James Financial Inc. increased its position in Technology Select Sector SPDR Fund by 99.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,118,848 shares of the exchange traded fund’s stock valued at $1,168,870,000 after acquiring an additional 4,047,225 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Technology Select Sector SPDR Fund by 163.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,053,446 shares of the exchange traded fund’s stock valued at $727,545,000 after acquiring an additional 3,135,920 shares during the period.
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.
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