Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $229.44 and traded as low as $216.57. Technology Select Sector SPDR Fund shares last traded at $217.63, with a volume of 4,095,463 shares trading hands.

Technology Select Sector SPDR Fund Price Performance

The company’s 50-day moving average price is $227.65 and its two-hundred day moving average price is $229.54. The company has a market capitalization of $66.30 billion, a price-to-earnings ratio of 33.95 and a beta of 1.14.

Technology Select Sector SPDR Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th will be given a dividend of $0.3749 per share. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Technology Select Sector SPDR Fund

Several large investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its position in shares of Technology Select Sector SPDR Fund by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 10,003 shares of the exchange traded fund’s stock worth $2,258,000 after buying an additional 456 shares during the period. Davis R M Inc. boosted its stake in Technology Select Sector SPDR Fund by 5.1% during the third quarter. Davis R M Inc. now owns 5,844 shares of the exchange traded fund’s stock worth $1,319,000 after acquiring an additional 285 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Technology Select Sector SPDR Fund by 10.6% in the third quarter. Brown Brothers Harriman & Co. now owns 4,102 shares of the exchange traded fund’s stock valued at $926,000 after purchasing an additional 392 shares in the last quarter. FMR LLC raised its holdings in shares of Technology Select Sector SPDR Fund by 4.9% during the third quarter. FMR LLC now owns 176,315 shares of the exchange traded fund’s stock valued at $39,805,000 after purchasing an additional 8,269 shares during the period. Finally, Transamerica Financial Advisors Inc. grew its stake in shares of Technology Select Sector SPDR Fund by 6.9% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 43,468 shares of the exchange traded fund’s stock valued at $9,814,000 after buying an additional 2,794 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.