Technology Select Sector SPDR Fund (NYSEARCA:XLK) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $141.26 and traded as low as $138.97. Technology Select Sector SPDR Fund shares last traded at $140.88, with a volume of 14,939,843 shares changing hands.

Technology Select Sector SPDR Fund Stock Performance

The company has a market capitalization of $89.72 billion, a price-to-earnings ratio of 35.59 and a beta of 1.21. The company has a 50-day moving average price of $143.75 and a 200-day moving average price of $141.26.

Institutional Investors Weigh In On Technology Select Sector SPDR Fund

Several large investors have recently bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Technology Select Sector SPDR Fund during the 2nd quarter worth about $227,000. 180 Wealth Advisors LLC raised its holdings in Technology Select Sector SPDR Fund by 7.8% in the 2nd quarter. 180 Wealth Advisors LLC now owns 3,376 shares of the exchange traded fund’s stock valued at $855,000 after acquiring an additional 244 shares during the period. Boothe Investment Group Inc. acquired a new stake in Technology Select Sector SPDR Fund during the second quarter worth approximately $1,240,000. CVA Family Office LLC lifted its position in Technology Select Sector SPDR Fund by 46.0% during the second quarter. CVA Family Office LLC now owns 1,162 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 366 shares during the last quarter. Finally, Darden Wealth Group Inc boosted its holdings in shares of Technology Select Sector SPDR Fund by 2.6% during the second quarter. Darden Wealth Group Inc now owns 1,643 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 41 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.