Traders Sell Shares of Technology Select Sector SPDR Fund (XLK) on Strength (XLK)

Traders sold shares of Technology Select Sector SPDR Fund (NYSEARCA:XLK) on strength during trading hours on Wednesday. $95.26 million flowed into the stock on the tick-up and $206.87 million flowed out of the stock on the tick-down, for a money net flow of $111.61 million out of the stock. Of all stocks tracked, Technology Select Sector SPDR Fund had the 32nd highest net out-flow for the day. Technology Select Sector SPDR Fund traded up $0.51 for the day and closed at $68.45

The firm has a market capitalization of $21,340.00 and a PE ratio of 7.91.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Manhattan Co. boosted its position in shares of Technology Select Sector SPDR Fund by 772.3% in the 4th quarter. First Manhattan Co. now owns 1,605 shares of the exchange traded fund’s stock worth $102,000 after purchasing an additional 1,421 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Technology Select Sector SPDR Fund in the 3rd quarter worth $112,000. Horan Capital Advisors LLC. bought a new position in shares of Technology Select Sector SPDR Fund in the 3rd quarter worth $120,000. Cerebellum GP LLC bought a new position in shares of Technology Select Sector SPDR Fund in the 4th quarter worth $130,000. Finally, Toronto Dominion Bank boosted its position in shares of Technology Select Sector SPDR Fund by 152.0% in the 3rd quarter. Toronto Dominion Bank now owns 2,530 shares of the exchange traded fund’s stock worth $150,000 after purchasing an additional 7,400 shares during the last quarter.

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About Technology Select Sector SPDR Fund

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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