Technology Select Sector SPDR Fund (NYSEARCA:XLK) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of Technology Select Sector SPDR Fund (NYSEARCA:XLK) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $144.55 and traded as high as $147.38. Technology Select Sector SPDR Fund shares last traded at $146.53, with a volume of 13,954,491 shares trading hands.

Technology Select Sector SPDR Fund Trading Down 0.1%

The firm’s 50 day moving average price is $144.55 and its two-hundred day moving average price is $138.04. The company has a market capitalization of $94.27 billion, a price-to-earnings ratio of 35.59 and a beta of 1.21.

Institutional Trading of Technology Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sovereign Financial Group Inc. boosted its stake in shares of Technology Select Sector SPDR Fund by 94.3% during the 4th quarter. Sovereign Financial Group Inc. now owns 5,824 shares of the exchange traded fund’s stock worth $838,000 after acquiring an additional 2,827 shares during the period. Sandbox Financial Partners LLC lifted its holdings in Technology Select Sector SPDR Fund by 82.2% during the 4th quarter. Sandbox Financial Partners LLC now owns 4,955 shares of the exchange traded fund’s stock valued at $713,000 after purchasing an additional 2,235 shares during the last quarter. Procyon Advisors LLC boosted its position in Technology Select Sector SPDR Fund by 133.6% during the fourth quarter. Procyon Advisors LLC now owns 3,857 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 2,206 shares during the period. Parisi Gray Wealth Management increased its holdings in shares of Technology Select Sector SPDR Fund by 100.1% in the fourth quarter. Parisi Gray Wealth Management now owns 9,851 shares of the exchange traded fund’s stock valued at $1,418,000 after purchasing an additional 4,927 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its position in shares of Technology Select Sector SPDR Fund by 99.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 10,497 shares of the exchange traded fund’s stock valued at $1,511,000 after purchasing an additional 5,234 shares during the period.

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.