Investors Buy Shares of Technology Select Sector SPDR Fund (XLK) on Weakness
Investors bought shares of Technology Select Sector SPDR Fund (NYSEARCA:XLK) on weakness during trading hours on Tuesday. $111.92 million flowed into the stock on the tick-up and $63.81 million flowed out of the stock on the tick-down, for a money net flow of $48.11 million into the stock. Of all equities tracked, Technology Select Sector SPDR Fund had the 23rd highest net in-flow for the day. Technology Select Sector SPDR Fund traded down ($0.09) for the day and closed at $74.89
Separately, Morgan Stanley downgraded shares of Technology Select Sector SPDR Fund to an “underweight” rating in a research report on Monday, July 9th.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Investors of record on Monday, September 24th will be paid a dividend of $0.2544 per share. The ex-dividend date is Friday, September 21st. This represents a $1.02 annualized dividend and a yield of 1.36%.
Technology Select Sector SPDR Fund Company Profile (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.
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