Technology Select Sector SPDR Fund (NYSEARCA:XLK) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Technology Select Sector SPDR Fund (NYSEARCA:XLK) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $229.82 and traded as low as $214.38. Technology Select Sector SPDR Fund shares last traded at $215.42, with a volume of 8,212,954 shares traded.

Technology Select Sector SPDR Fund Price Performance

The company has a 50 day moving average of $232.73 and a 200-day moving average of $229.82. The company has a market cap of $67.81 billion, a P/E ratio of 36.68 and a beta of 1.13.

Institutional Trading of Technology Select Sector SPDR Fund

Large investors have recently modified their holdings of the business. D.B. Root & Company LLC raised its position in shares of Technology Select Sector SPDR Fund by 0.6% during the 3rd quarter. D.B. Root & Company LLC now owns 20,489 shares of the exchange traded fund’s stock valued at $4,626,000 after buying an additional 119 shares in the last quarter. Advisor Resource Council grew its position in Technology Select Sector SPDR Fund by 1.9% in the third quarter. Advisor Resource Council now owns 20,184 shares of the exchange traded fund’s stock worth $4,557,000 after acquiring an additional 384 shares in the last quarter. US Financial Advisors LLC bought a new position in Technology Select Sector SPDR Fund in the third quarter valued at $204,000. Jmac Enterprises LLC raised its position in Technology Select Sector SPDR Fund by 7.7% during the third quarter. Jmac Enterprises LLC now owns 23,379 shares of the exchange traded fund’s stock valued at $5,278,000 after purchasing an additional 1,681 shares in the last quarter. Finally, Mainstream Capital Management LLC purchased a new position in shares of Technology Select Sector SPDR Fund in the 3rd quarter worth about $454,000.

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.