Technology Select Sector SPDR Fund (NYSEARCA:XLK) Reaches New 1-Year High – Here’s What Happened

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $186.27 and last traded at $184.43, with a volume of 12295803 shares. The stock had previously closed at $185.14.

Technology Select Sector SPDR Fund Stock Performance

The company’s 50 day moving average price is $155.25 and its 200 day moving average price is $147.28. The company has a market cap of $119.56 billion, a price-to-earnings ratio of 35.59 and a beta of 1.29.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Evermay Wealth Management LLC increased its stake in shares of Technology Select Sector SPDR Fund by 74.0% during the 4th quarter. Evermay Wealth Management LLC now owns 174 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Technology Select Sector SPDR Fund during the 4th quarter worth $26,000. Operose Advisors LLC acquired a new position in shares of Technology Select Sector SPDR Fund during the 4th quarter worth $26,000. AG Campbell Advisory LLC acquired a new position in shares of Technology Select Sector SPDR Fund during the 4th quarter worth $27,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Technology Select Sector SPDR Fund during the 3rd quarter worth $28,000.

Technology Select Sector SPDR Fund Company Profile

The Technology Select Sector SPDR Fund is an exchange-traded fund that aims to track, before fees and expenses, the performance of the Technology Select Sector Index. The index is designed to represent the technology companies within the S&P 500 and provides concentrated exposure to industries such as software, semiconductors, IT services, communications equipment, and technology hardware.