Technology Select Sector SPDR Fund (NYSEARCA:XLK) Shares Cross Below 200-Day Moving Average of $213.14

Shares of Technology Select Sector SPDR Fund (NYSEARCA:XLK) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $213.14 and traded as low as $202.98. Technology Select Sector SPDR Fund shares last traded at $203.99, with a volume of 6,199,353 shares changing hands.

Technology Select Sector SPDR Fund Stock Down 2.6 %

The stock has a 50-day moving average of $219.56 and a 200 day moving average of $213.14. The stock has a market cap of $64.01 billion, a PE ratio of 36.81 and a beta of 1.35.

Institutional Investors Weigh In On Technology Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Technology Select Sector SPDR Fund in the 4th quarter valued at approximately $25,000. Ridgewood Investments LLC acquired a new position in Technology Select Sector SPDR Fund during the second quarter worth $25,000. VitalStone Financial LLC boosted its position in shares of Technology Select Sector SPDR Fund by 591.7% during the first quarter. VitalStone Financial LLC now owns 166 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 142 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of Technology Select Sector SPDR Fund in the second quarter valued at $45,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Technology Select Sector SPDR Fund in the 2nd quarter valued at $45,000.

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.