Technology Select Sector SPDR Fund (NYSEARCA:XLK) Reaches New 52-Week High at $214.74

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $214.74 and last traded at $214.60, with a volume of 1006481 shares changing hands. The stock had previously closed at $214.31.

Technology Select Sector SPDR Fund Price Performance

The firm has a market cap of $67.53 billion, a P/E ratio of 36.81 and a beta of 1.35. The company has a fifty day moving average of $205.09 and a 200-day moving average of $198.03.

Institutional Trading of Technology Select Sector SPDR Fund

A number of large investors have recently modified their holdings of the business. High Net Worth Advisory Group LLC raised its holdings in shares of Technology Select Sector SPDR Fund by 1.7% in the first quarter. High Net Worth Advisory Group LLC now owns 2,861 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 49 shares during the period. Seaview Investment Managers LLC raised its holdings in shares of Technology Select Sector SPDR Fund by 2.9% in the fourth quarter. Seaview Investment Managers LLC now owns 1,750 shares of the exchange traded fund’s stock worth $337,000 after buying an additional 50 shares during the period. Capital Performance Advisors LLP increased its holdings in Technology Select Sector SPDR Fund by 0.7% during the 4th quarter. Capital Performance Advisors LLP now owns 7,057 shares of the exchange traded fund’s stock worth $1,358,000 after purchasing an additional 50 shares during the period. West Branch Capital LLC increased its holdings in Technology Select Sector SPDR Fund by 12.9% during the 4th quarter. West Branch Capital LLC now owns 447 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 51 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in Technology Select Sector SPDR Fund by 6.4% during the 4th quarter. Avior Wealth Management LLC now owns 853 shares of the exchange traded fund’s stock worth $164,000 after purchasing an additional 51 shares during the period.

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.