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) 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 changing hands.

Technology Select Sector SPDR Fund Stock Up 3.0 %

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

Institutional Trading of Technology Select Sector SPDR Fund

Hedge funds have recently made changes to their positions in the business. Minot DeBlois Advisors LLC purchased a new position in Technology Select Sector SPDR Fund in the fourth quarter valued at approximately $33,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Technology Select Sector SPDR Fund during the fourth quarter worth approximately $35,000. Cedar Mountain Advisors LLC grew its position in shares of Technology Select Sector SPDR Fund by 201.9% during the fourth quarter. Cedar Mountain Advisors LLC now owns 160 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 107 shares during the last quarter. Vision Financial Markets LLC purchased a new position in shares of Technology Select Sector SPDR Fund during the fourth quarter worth approximately $38,000. Finally, Rakuten Securities Inc. grew its position in shares of Technology Select Sector SPDR Fund by 66.7% during the fourth quarter. Rakuten Securities Inc. now owns 180 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 72 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.