Janney Montgomery Scott LLC trimmed its position in Technology Select Sector SPDR ETF (NYSEARCA:XLK) by 6.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,065,168 shares of the exchange traded fund’s stock after selling 146,010 shares during the period. Technology Select Sector SPDR ETF comprises 1.4% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 4th biggest position. Janney Montgomery Scott LLC owned approximately 0.69% of Technology Select Sector SPDR ETF worth $122,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of XLK. Comerica Bank grew its position in shares of Technology Select Sector SPDR ETF by 5.5% during the 3rd quarter. Comerica Bank now owns 59,609 shares of the exchange traded fund’s stock valued at $3,736,000 after acquiring an additional 3,106 shares during the period. NEXT Financial Group Inc lifted its stake in shares of Technology Select Sector SPDR ETF by 12.4% during the 3rd quarter. NEXT Financial Group Inc now owns 15,552 shares of the exchange traded fund’s stock valued at $941,000 after buying an additional 1,712 shares in the last quarter. Sowell Financial Services LLC lifted its stake in shares of Technology Select Sector SPDR ETF by 105.2% during the 3rd quarter. Sowell Financial Services LLC now owns 37,449 shares of the exchange traded fund’s stock valued at $2,358,000 after buying an additional 19,196 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Technology Select Sector SPDR ETF by 18.9% during the 3rd quarter. Private Advisor Group LLC now owns 202,862 shares of the exchange traded fund’s stock valued at $12,171,000 after buying an additional 32,194 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Technology Select Sector SPDR ETF by 12.6% during the 3rd quarter. D.A. Davidson & CO. now owns 54,277 shares of the exchange traded fund’s stock valued at $3,207,000 after buying an additional 6,093 shares in the last quarter.

Shares of Technology Select Sector SPDR ETF (NYSEARCA:XLK) traded up $0.30 during mid-day trading on Monday, hitting $63.60. 10,059,000 shares of the company were exchanged, compared to its average volume of 9,435,578. Technology Select Sector SPDR ETF has a 12 month low of $48.21 and a 12 month high of $64.77.

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About Technology Select Sector SPDR ETF

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.

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

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