Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders purchased 52,983 put options on the stock. This represents an increase of approximately 82% compared to the typical volume of 29,161 put options.
Institutional Trading of Technology Select Sector SPDR Fund
Several institutional investors and hedge funds have recently modified their holdings of XLK. Bank of America Corp DE grew its holdings in Technology Select Sector SPDR Fund by 0.9% during the 1st quarter. Bank of America Corp DE now owns 23,868,812 shares of the exchange traded fund’s stock valued at $3,172,165,000 after buying an additional 214,219 shares during the last quarter. Focus Partners Wealth increased its position in Technology Select Sector SPDR Fund by 96.3% during the 4th quarter. Focus Partners Wealth now owns 13,123,017 shares of the exchange traded fund’s stock worth $1,889,321,000 after purchasing an additional 6,437,393 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in Technology Select Sector SPDR Fund by 105.1% in the 4th quarter. Main Management ETF Advisors LLC now owns 5,506,430 shares of the exchange traded fund’s stock valued at $792,761,000 after purchasing an additional 2,822,232 shares during the last quarter. Royal Bank of Canada raised its stake in Technology Select Sector SPDR Fund by 12.9% in the 1st quarter. Royal Bank of Canada now owns 5,951,587 shares of the exchange traded fund’s stock valued at $790,966,000 after purchasing an additional 681,227 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Technology Select Sector SPDR Fund by 86.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,443,817 shares of the exchange traded fund’s stock valued at $639,776,000 after purchasing an additional 2,065,314 shares in the last quarter.
Technology Select Sector SPDR Fund Stock Up 0.8%
Shares of NYSEARCA XLK traded up $1.56 during midday trading on Friday, hitting $196.27. The company had a trading volume of 5,966,516 shares, compared to its average volume of 13,428,509. Technology Select Sector SPDR Fund has a twelve month low of $126.68 and a twelve month high of $198.73. The firm has a market capitalization of $127.71 billion, a price-to-earnings ratio of 35.59 and a beta of 1.34. The business has a 50-day simple moving average of $184.29 and a two-hundred day simple moving average of $172.50.
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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