Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Crosses Below 200-Day Moving Average – What’s Next?

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $140.89 and traded as low as $138.91. Technology Select Sector SPDR Fund shares last traded at $139.21, with a volume of 32,137,447 shares traded.

Technology Select Sector SPDR Fund Stock Up 0.3%

The stock has a 50 day moving average of $144.45 and a 200 day moving average of $140.94. The firm has a market cap of $88.88 billion, a price-to-earnings ratio of 35.59 and a beta of 1.21.

Institutional Trading of Technology Select Sector SPDR Fund

Several large investors have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of Technology Select Sector SPDR Fund by 83.7% in the 4th quarter. Morgan Stanley now owns 19,348,529 shares of the exchange traded fund’s stock valued at $2,785,608,000 after purchasing an additional 8,818,215 shares during the last quarter. Focus Partners Wealth boosted its stake in Technology Select Sector SPDR Fund by 309.3% in the third quarter. Focus Partners Wealth now owns 6,685,624 shares of the exchange traded fund’s stock valued at $1,884,413,000 after buying an additional 5,052,145 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in Technology Select Sector SPDR Fund by 27,205.7% in the second quarter. Laurel Wealth Advisors LLC now owns 4,705,862 shares of the exchange traded fund’s stock valued at $1,191,665,000 after acquiring an additional 4,688,628 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Technology Select Sector SPDR Fund by 163.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,053,446 shares of the exchange traded fund’s stock worth $727,545,000 after acquiring an additional 3,135,920 shares in the last quarter. Finally, Main Management ETF Advisors LLC raised its stake in Technology Select Sector SPDR Fund by 105.1% during the fourth quarter. Main Management ETF Advisors LLC now owns 5,506,430 shares of the exchange traded fund’s stock worth $792,761,000 after acquiring an additional 2,822,232 shares in 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.