Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $233.31 and traded as high as $237.86. Technology Select Sector SPDR Fund shares last traded at $235.96, with a volume of 7,443,101 shares.

Technology Select Sector SPDR Fund Stock Performance

The firm’s fifty day moving average is $233.31 and its two-hundred day moving average is $225.27. The company has a market cap of $74.07 billion, a P/E ratio of 36.81 and a beta of 1.35.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ridgewood Investments LLC purchased a new stake in shares of Technology Select Sector SPDR Fund during the 2nd quarter valued at $25,000. Godsey & Gibb Inc. raised its stake in Technology Select Sector SPDR Fund by 90.8% in the third quarter. Godsey & Gibb Inc. now owns 124 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 59 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Technology Select Sector SPDR Fund in the third quarter worth about $37,000. Legacy Investment Solutions LLC purchased a new stake in shares of Technology Select Sector SPDR Fund during the third quarter worth about $54,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Technology Select Sector SPDR Fund during the third quarter worth about $60,000.

About Technology Select Sector SPDR Fund

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.