Technology Select Sector SPDR Fund (NYSEARCA:XLK) Sets New 1-Year High at $233.06

Technology Select Sector SPDR Fund (NYSEARCA:XLK) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $233.06 and last traded at $232.17, with a volume of 352596 shares changing hands. The stock had previously closed at $232.17.

Technology Select Sector SPDR Fund Stock Performance

The stock has a market cap of $73.07 billion, a P/E ratio of 36.81 and a beta of 1.35. The stock’s fifty day simple moving average is $215.80 and its 200-day simple moving average is $206.17.

Institutional Trading of Technology Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of XLK. Russell Investments Group Ltd. acquired a new position in Technology Select Sector SPDR Fund during the 4th quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Technology Select Sector SPDR Fund during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. increased its position in Technology Select Sector SPDR Fund by 71.0% during the 4th quarter. GHP Investment Advisors Inc. now owns 171 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 71 shares in the last quarter. VitalStone Financial LLC increased its position in Technology Select Sector SPDR Fund by 591.7% in the 1st quarter. VitalStone Financial LLC now owns 166 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 142 shares during the period. Finally, Pacifica Partners Inc. increased its position in Technology Select Sector SPDR Fund by 40.0% in the 4th quarter. Pacifica Partners Inc. now owns 210 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 60 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.