Technology Select Sector SPDR Fund (NYSEARCA:XLK) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $229.32 and traded as low as $210.31. Technology Select Sector SPDR Fund shares last traded at $213.94, with a volume of 5,020,345 shares.

Technology Select Sector SPDR Fund Price Performance

The business’s 50-day moving average price is $230.02 and its 200-day moving average price is $229.37. The firm has a market capitalization of $66.44 billion, a PE ratio of 33.95 and a beta of 1.14.

Institutional Investors Weigh In On Technology Select Sector SPDR Fund

Several hedge funds have recently modified their holdings of XLK. Minot DeBlois Advisors LLC acquired a new stake in shares of Technology Select Sector SPDR Fund during the fourth quarter worth $33,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Technology Select Sector SPDR Fund during the fourth quarter worth $35,000. Cedar Mountain Advisors LLC lifted its holdings in Technology Select Sector SPDR Fund by 201.9% in the fourth quarter. Cedar Mountain Advisors LLC now owns 160 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 107 shares during the period. Vision Financial Markets LLC acquired a new stake in Technology Select Sector SPDR Fund in the fourth quarter valued at $38,000. Finally, Rakuten Securities Inc. lifted its holdings in Technology Select Sector SPDR Fund by 66.7% in the fourth quarter. Rakuten Securities Inc. now owns 180 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 72 shares during the period.

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.