Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Price Crosses Below Two Hundred Day Moving Average of $213.14

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $213.14 and traded as low as $202.98. Technology Select Sector SPDR Fund shares last traded at $203.99, with a volume of 6,199,353 shares.

Technology Select Sector SPDR Fund Price Performance

The firm has a fifty day moving average of $219.56 and a 200 day moving average of $213.14. The stock has a market capitalization of $64.01 billion, a price-to-earnings ratio of 36.81 and a beta of 1.35.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XLK. Private Portfolio Partners LLC boosted its stake in shares of Technology Select Sector SPDR Fund by 3.0% in the fourth quarter. Private Portfolio Partners LLC now owns 9,299 shares of the exchange traded fund’s stock worth $1,790,000 after acquiring an additional 270 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Technology Select Sector SPDR Fund by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 36,150 shares of the exchange traded fund’s stock worth $6,958,000 after purchasing an additional 4,607 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Technology Select Sector SPDR Fund during the 4th quarter worth $1,258,000. Johnson Investment Counsel Inc. raised its position in shares of Technology Select Sector SPDR Fund by 3.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 27,838 shares of the exchange traded fund’s stock valued at $5,358,000 after buying an additional 888 shares during the last quarter. Finally, Dana Investment Advisors Inc. lifted its stake in shares of Technology Select Sector SPDR Fund by 6.1% in the fourth quarter. Dana Investment Advisors Inc. now owns 3,335 shares of the exchange traded fund’s stock worth $642,000 after buying an additional 191 shares in 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.