Sei Investments Co. lowered its holdings in shares of Technology Select Sector SPDR ETF (NYSEARCA:XLK) by 58.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,409 shares of the exchange traded fund’s stock after selling 3,447 shares during the quarter. Sei Investments Co.’s holdings in Technology Select Sector SPDR ETF were worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XLK. Ballentine Partners LLC boosted its position in Technology Select Sector SPDR ETF by 39.1% during the second quarter. Ballentine Partners LLC now owns 7,061 shares of the exchange traded fund’s stock worth $406,000 after purchasing an additional 1,985 shares in the last quarter. Blair William & Co. IL boosted its position in Technology Select Sector SPDR ETF by 79.1% during the second quarter. Blair William & Co. IL now owns 41,099 shares of the exchange traded fund’s stock worth $2,249,000 after purchasing an additional 18,152 shares in the last quarter. ARS Investment Partners LLC boosted its position in Technology Select Sector SPDR ETF by 28.8% during the second quarter. ARS Investment Partners LLC now owns 56,316 shares of the exchange traded fund’s stock worth $3,082,000 after purchasing an additional 12,609 shares in the last quarter. BB&T Securities LLC boosted its position in Technology Select Sector SPDR ETF by 442.0% during the second quarter. BB&T Securities LLC now owns 430,478 shares of the exchange traded fund’s stock worth $23,556,000 after purchasing an additional 351,060 shares in the last quarter. Finally, Catamount Wealth Management purchased a new position in shares of Technology Select Sector SPDR ETF in the second quarter valued at approximately $400,000.

Technology Select Sector SPDR ETF (XLK) traded up $0.49 during midday trading on Friday, hitting $64.56. The stock had a trading volume of 6,850,000 shares. Technology Select Sector SPDR ETF has a 1-year low of $48.21 and a 1-year high of $64.77.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th will be given a $0.2383 dividend. This represents a $0.95 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, December 15th. This is an increase from Technology Select Sector SPDR ETF’s previous quarterly dividend of $0.21. Technology Select Sector SPDR ETF’s dividend payout ratio (DPR) is 9.83%.

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Technology Select Sector SPDR ETF 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.

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Institutional Ownership by Quarter for Technology Select Sector SPDR ETF (NYSEARCA:XLK)

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