NYSEARCA:XLK

Technology Select Sector SPDR Fund (XLK) Price, Holdings, & News

$197.13
+2.88 (+1.48%)
(As of 04/23/2024 ET)
Today's Range
$194.77
$197.42
50-Day Range
$192.53
$211.02
52-Week Range
$143.92
$212.35
Volume
5.88 million shs
Average Volume
6.85 million shs
Market Capitalization
$62.04 billion
Assets Under Management
$60.92 billion
Dividend Yield
0.65%
Net Expense Ratio
0.10%
XLK stock logo

About Technology Select Sector SPDR Fund (NYSEARCA:XLK)

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. Sector SPDR Trust SBI Interest's investment advisor is SSgA Funds Management, Inc.

XLK Stock Price History

XLK ETF News Headlines

3 A.I. Stocks to Watch Out For Not Named NVIDIA (XLK)
Three stocks come to steal the technology and artificial intelligence spotlight from Nvidia. Strong fundamentals and discounts give investor access to upside
Comprehensive Analysis of PayPal Stock (XLK)
PayPal stock is now the best choice for investors looking to ride the technology sector catch up, analysts see double-digit upside in strong fundamentals
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
PayPal’s User Decline Won’t Stop Its Double-Digit Upside (XLK)
PayPal stock is a sitting duck waiting to be shot by value investors. Fundamental KPIs show that a decline in net users isn't as bad as it seems.
Corporate IT Spending Rebounds Could Push Salesforce Stock Higher (XLK)
Salesforce may be set to benefit from increasing corporate IT spending budgets, Wall Street thinks that EPS and price targets could rise by double-digits.
What to Expect From the Q1 Earnings Reporting Season (XLK)
The outlook for Q1 and 2024 earnings is robust, and growth should be sustained into 2025, but the market is setting up for a correction the FOMC could trigger.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
See More Headlines
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Fund Details

Issuer
SSgA
Fund Name
Technology Select Sector SPDR Fund
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:XLK
Inception Date
12/16/1998
Fund Manager
Mike Feehily, Karl Schneider, David Chin
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
S&P Technology Select Sector Index
Category
Sector
Focus
Information Technology
Development Level
Developed Markets
Region
North America
Number of Holdings
68

Fund Statistics

Assets Under Management
$60.92 billion
Average Daily Volume
$6.39 million
Discount/Premium
0.01%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
SSgA Funds Management, Inc.
Custodian
State Street Bank and Trust Company
Distributor
ALPS Portfolio Solutions Distributor, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Jane Street

Options

Optionable
Optionable
Options Volume
32,789
Put Options
16,565
Call Options
16,224
Short Interest
6,730,000 shs

Miscellaneous

Beta
1.32
Creation Unit
50,000
Creation Fee
$500.00
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Technology Select Sector SPDR Fund Expenses

TypeXLKInformation Technology ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.03%0.50%0.54%0.50%0.51%
Other Expenses0.07%0.29%0.54%0.64%0.58%
Total Expense0.10%0.62%0.70%0.74%0.70%
Fee Waiver0.00%-0.48%-0.55%-0.68%-0.57%
Net Expense0.10%0.55%0.60%0.57%0.58%

Technology Select Sector SPDR Fund (XLK) Holdings & Exposure

XLK Sector Exposure

XLK Industry Exposure

Should I Buy Technology Select Sector SPDR Fund Stock? XLK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Technology Select Sector SPDR Fund:

  • The Technology Select Sector SPDR Fund (XLK) provides exposure to a diversified portfolio of technology companies, including those involved in information technology, semiconductor equipment, and telecommunications services.
  • XLK is passively managed, which can offer cost-efficiency and transparency to investors.
  • Recent market trends show a growing demand for technology products and services, potentially driving the performance of XLK.
  • Investing in XLK can provide a hedge against inflation, as technology companies often have strong pricing power and can adjust prices to offset inflationary pressures.
  • XLK's historical performance has shown resilience during market downturns, making it a potential defensive play in volatile market conditions.

Cons

Investors should be bearish about investing in Technology Select Sector SPDR Fund for these reasons:

  • Technology sector investments can be volatile, subjecting investors to significant market fluctuations and risks.
  • XLK's performance is closely tied to the overall technology sector, which can be impacted by regulatory changes, geopolitical events, and technological disruptions.
  • The current stock price of XLK may already reflect optimistic market expectations, potentially limiting short-term upside potential.
  • Investors should carefully consider their risk tolerance, as technology stocks can experience rapid price movements based on market sentiment and industry developments.
  • XLK's performance may be influenced by macroeconomic factors, such as interest rate changes and global economic conditions, which can affect the technology sector's profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Technology Select Sector SPDR Fund pros and cons to contact@marketbeat.com.

XLK ETF - Frequently Asked Questions

Should I buy or sell Technology Select Sector SPDR Fund stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Technology Select Sector SPDR Fund in the last twelve months. There are currently 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" XLK shares.
View XLK analyst ratings
or view top-rated stocks.

How have XLK shares performed in 2024?

Technology Select Sector SPDR Fund's stock was trading at $192.48 at the beginning of the year. Since then, XLK stock has increased by 2.4% and is now trading at $197.13.
View the best growth stocks for 2024 here
.

What does XLK invest in?

Technology Select Sector SPDR Fund is a equity fund issued by SSgA. XLK focuses on information technology investments and follows the S&P Technology Select Sector Index. The fund's investments total to approximately $60.92 billion assets under management.

What stocks does Technology Select Sector SPDR Fund hold?
What is the management fee for Technology Select Sector SPDR Fund?

Technology Select Sector SPDR Fund's management fee is 0.03% and has other expenses of 0.07%. The net expense ratio for XLK is 0.10%.

What other stocks do shareholders of Technology Select Sector SPDR Fund own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Technology Select Sector SPDR Fund investors own include NVIDIA (NVDA), AT&T (T), Intel (INTC), Financial Select Sector SPDR Fund (XLF), Verizon Communications (VZ), Johnson & Johnson (JNJ), Bank of America (BAC), Walt Disney (DIS), Visa (V) and Tesla (TSLA).

Who are Technology Select Sector SPDR Fund's major shareholders?

Technology Select Sector SPDR Fund's stock is owned by many different retail and institutional investors. Top institutional shareholders include CHURCHILL MANAGEMENT Corp (1.73%), Raymond James & Associates (1.09%), Factory Mutual Insurance Co. (0.56%), Global Assets Advisory LLC (0.47%), Congress Wealth Management LLC DE (0.33%) and Raymond James Financial Services Advisors Inc. (0.27%).

How do I buy shares of Technology Select Sector SPDR Fund?

Shares of XLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:XLK) was last updated on 4/23/2024 by MarketBeat.com Staff

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