Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Technology Select Sector SPDR Fund (NYSEARCA:XLK) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $234.70 and traded as high as $240.00. Technology Select Sector SPDR Fund shares last traded at $233.96, with a volume of 5,003,344 shares trading hands.

Technology Select Sector SPDR Fund Stock Down 0.0 %

The stock has a market capitalization of $73.42 billion, a P/E ratio of 36.81 and a beta of 1.35. The stock has a 50 day simple moving average of $235.01 and a two-hundred day simple moving average of $226.63.

Institutional Trading of Technology Select Sector SPDR Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in XLK. Godsey & Gibb Inc. lifted its stake in shares of Technology Select Sector SPDR Fund by 90.8% during the 3rd quarter. Godsey & Gibb Inc. now owns 124 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 59 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Technology Select Sector SPDR Fund in the 3rd quarter valued at $37,000. Legacy Investment Solutions LLC bought a new position in Technology Select Sector SPDR Fund during the 3rd quarter worth $54,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Technology Select Sector SPDR Fund during the third quarter worth $60,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Technology Select Sector SPDR Fund in the third quarter valued at about $61,000.

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.