Technology Select Sector SPDR Fund Stock to Split on Friday, December 5th (NYSEARCA:XLK)

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares are going to split before the market opens on Friday, December 5th. The 2-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Thursday, December 4th.

Technology Select Sector SPDR Fund Trading Up 0.9%

NYSEARCA:XLK opened at $286.22 on Monday. Technology Select Sector SPDR Fund has a 12 month low of $172.45 and a 12 month high of $305.99. The firm’s 50 day moving average is $286.96 and its 200 day moving average is $265.63. The stock has a market capitalization of $92.45 billion, a PE ratio of 35.59 and a beta of 1.21.

Institutional Investors Weigh In On Technology Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XLK. Kingstone Capital Partners Texas LLC increased its stake in shares of Technology Select Sector SPDR Fund by 613,347.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 101,114,576 shares of the exchange traded fund’s stock worth $25,605,244,000 after purchasing an additional 101,098,093 shares in the last quarter. Focus Partners Wealth boosted its holdings in Technology Select Sector SPDR Fund by 309.3% in the 3rd quarter. Focus Partners Wealth now owns 6,685,624 shares of the exchange traded fund’s stock worth $1,884,413,000 after buying an additional 5,052,145 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Technology Select Sector SPDR Fund by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,534,255 shares of the exchange traded fund’s stock worth $1,401,439,000 after buying an additional 471,344 shares during the period. Ameriprise Financial Inc. raised its holdings in Technology Select Sector SPDR Fund by 9.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,283,252 shares of the exchange traded fund’s stock valued at $1,489,223,000 after acquiring an additional 451,801 shares during the period. Finally, CHURCHILL MANAGEMENT Corp raised its holdings in Technology Select Sector SPDR Fund by 4.1% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 4,809,901 shares of the exchange traded fund’s stock valued at $1,218,011,000 after acquiring an additional 190,006 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.