Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Price Passes Above Two Hundred Day Moving Average of $210.15

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $210.15 and traded as high as $218.00. Technology Select Sector SPDR Fund shares last traded at $216.28, with a volume of 4,874,883 shares.

Technology Select Sector SPDR Fund Trading Up 1.3 %

The firm has a market capitalization of $67.89 billion, a PE ratio of 36.81 and a beta of 1.35. The firm has a 50-day moving average of $223.25 and a two-hundred day moving average of $210.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. True North Advisors LLC increased its position in shares of Technology Select Sector SPDR Fund by 16.0% during the fourth quarter. True North Advisors LLC now owns 1,453 shares of the exchange traded fund’s stock worth $280,000 after acquiring an additional 200 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in shares of Technology Select Sector SPDR Fund during the fourth quarter worth about $5,520,000. Strategies Wealth Advisors LLC increased its position in shares of Technology Select Sector SPDR Fund by 35.8% during the fourth quarter. Strategies Wealth Advisors LLC now owns 2,319 shares of the exchange traded fund’s stock worth $446,000 after acquiring an additional 611 shares during the last quarter. Secure Asset Management LLC increased its position in shares of Technology Select Sector SPDR Fund by 15.2% during the fourth quarter. Secure Asset Management LLC now owns 67,562 shares of the exchange traded fund’s stock worth $13,004,000 after acquiring an additional 8,920 shares during the last quarter. Finally, Claro Advisors LLC increased its position in shares of Technology Select Sector SPDR Fund by 29.4% during the fourth quarter. Claro Advisors LLC now owns 3,359 shares of the exchange traded fund’s stock worth $647,000 after acquiring an additional 764 shares during the last quarter.

Technology Select Sector SPDR Fund Company Profile

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.