Cwm LLC Acquires 6,134 Shares of Technology Select Sector SPDR ETF (XLK)

Cwm LLC lifted its holdings in shares of Technology Select Sector SPDR ETF (NYSEARCA:XLK) by 32.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,903 shares of the exchange traded fund’s stock after acquiring an additional 6,134 shares during the quarter. Cwm LLC’s holdings in Technology Select Sector SPDR ETF were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. U S Global Investors Inc. purchased a new stake in shares of Technology Select Sector SPDR ETF during the 3rd quarter valued at approximately $408,000. Comerica Bank lifted its stake in shares of Technology Select Sector SPDR ETF by 5.5% during the 3rd quarter. Comerica Bank now owns 59,609 shares of the exchange traded fund’s stock valued at $3,736,000 after buying an additional 3,106 shares in the last quarter. Cedar Hill Associates LLC purchased a new stake in shares of Technology Select Sector SPDR ETF during the 3rd quarter valued at approximately $309,000. Private Advisor Group LLC lifted its stake in shares of Technology Select Sector SPDR ETF by 18.9% during the 3rd quarter. Private Advisor Group LLC now owns 202,862 shares of the exchange traded fund’s stock valued at $12,171,000 after buying an additional 32,194 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its stake in shares of Technology Select Sector SPDR ETF by 12.4% during the 3rd quarter. NEXT Financial Group Inc now owns 15,552 shares of the exchange traded fund’s stock valued at $941,000 after buying an additional 1,712 shares in the last quarter.

Shares of Technology Select Sector SPDR ETF (XLK) opened at $67.67 on Friday. The company has a market cap of $20,850.00 and a P/E ratio of 7.82. Technology Select Sector SPDR ETF has a 52 week low of $49.44 and a 52 week high of $67.85.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were issued a dividend of $0.2383 per share. This represents a $0.95 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, December 15th. This is a positive change from Technology Select Sector SPDR ETF’s previous quarterly dividend of $0.21. Technology Select Sector SPDR ETF’s dividend payout ratio is 10.17%.

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Technology Select Sector SPDR ETF 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.

Want to see what other hedge funds are holding XLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Technology Select Sector SPDR ETF (NYSEARCA:XLK).

Institutional Ownership by Quarter for Technology Select Sector SPDR ETF (NYSEARCA:XLK)

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