Technology Select Sector SPDR Fund (NYSEARCA:XLK) Reaches New 1-Year High at $218.66

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $218.66 and last traded at $218.07, with a volume of 2613630 shares changing hands. The stock had previously closed at $216.15.

Technology Select Sector SPDR Fund Price Performance

The company has a market cap of $71.20 billion, a P/E ratio of 36.81 and a beta of 1.35. The company’s 50-day moving average is $207.13 and its two-hundred day moving average is $201.50.

Institutional Trading of Technology Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of Technology Select Sector SPDR Fund during the 4th quarter valued at about $571,580,000. Global Assets Advisory LLC purchased a new position in shares of Technology Select Sector SPDR Fund during the first quarter valued at approximately $285,237,000. Morgan Stanley lifted its position in Technology Select Sector SPDR Fund by 12.5% during the third quarter. Morgan Stanley now owns 9,212,431 shares of the exchange traded fund’s stock valued at $1,510,194,000 after purchasing an additional 1,020,247 shares during the period. Factory Mutual Insurance Co. boosted its holdings in Technology Select Sector SPDR Fund by 60.9% in the fourth quarter. Factory Mutual Insurance Co. now owns 1,592,400 shares of the exchange traded fund’s stock worth $306,505,000 after purchasing an additional 602,900 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Technology Select Sector SPDR Fund by 285.1% in the first quarter. Cetera Investment Advisers now owns 756,208 shares of the exchange traded fund’s stock worth $157,495,000 after purchasing an additional 559,860 shares during the last quarter.

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.