Technology Select Sector SPDR Fund (NYSEARCA:XLK) Shares Pass Above 50 Day Moving Average – Time to Sell?

Technology Select Sector SPDR Fund (NYSEARCA:XLK) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $233.31 and traded as high as $237.86. Technology Select Sector SPDR Fund shares last traded at $235.96, with a volume of 7,443,101 shares changing hands.

Technology Select Sector SPDR Fund Price Performance

The stock’s 50 day simple moving average is $233.31 and its 200-day simple moving average is $225.27. The company has a market capitalization of $74.07 billion, a PE ratio of 36.81 and a beta of 1.35.

Institutional Trading of Technology Select Sector SPDR Fund

Large investors have recently modified their holdings of the stock. Clear Creek Financial Management LLC acquired a new stake in shares of Technology Select Sector SPDR Fund in the 2nd quarter valued at $218,000. Highland Capital Management LLC lifted its holdings in Technology Select Sector SPDR Fund by 31.1% during the 2nd quarter. Highland Capital Management LLC now owns 2,902 shares of the exchange traded fund’s stock worth $657,000 after buying an additional 688 shares during the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of Technology Select Sector SPDR Fund by 3.1% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 28,000 shares of the exchange traded fund’s stock worth $6,334,000 after acquiring an additional 839 shares in the last quarter. Hyman Charles D lifted its stake in Technology Select Sector SPDR Fund by 12.4% during the second quarter. Hyman Charles D now owns 1,328 shares of the exchange traded fund’s stock worth $300,000 after purchasing an additional 147 shares during the last quarter. Finally, MTM Investment Management LLC lifted its position in shares of Technology Select Sector SPDR Fund by 1.2% during the 2nd quarter. MTM Investment Management LLC now owns 9,675 shares of the exchange traded fund’s stock worth $2,189,000 after buying an additional 116 shares during the last quarter.

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.