Patriot Wealth Management Inc. Sells 50,595 Shares of Technology Select Sector SPDR Fund (XLK)

Patriot Wealth Management Inc. lessened its holdings in shares of Technology Select Sector SPDR Fund (NYSEARCA:XLK) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,248 shares of the exchange traded fund’s stock after selling 50,595 shares during the quarter. Technology Select Sector SPDR Fund makes up 1.5% of Patriot Wealth Management Inc.’s portfolio, making the stock its 19th biggest position. Patriot Wealth Management Inc. owned 0.05% of Technology Select Sector SPDR Fund worth $10,376,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Mizuho Bank Ltd. purchased a new stake in shares of Technology Select Sector SPDR Fund during the third quarter valued at $100,470,000. JPMorgan Chase & Co. boosted its position in shares of Technology Select Sector SPDR Fund by 43.8% during the third quarter. JPMorgan Chase & Co. now owns 5,416,568 shares of the exchange traded fund’s stock valued at $317,954,000 after buying an additional 1,649,928 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives purchased a new stake in shares of Technology Select Sector SPDR Fund during the third quarter valued at $96,747,000. PNC Financial Services Group Inc. boosted its position in shares of Technology Select Sector SPDR Fund by 106.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,665,302 shares of the exchange traded fund’s stock valued at $91,124,000 after buying an additional 858,506 shares during the last quarter. Finally, BlueCrest Capital Management Ltd boosted its position in shares of Technology Select Sector SPDR Fund by 4,026.0% during the second quarter. BlueCrest Capital Management Ltd now owns 816,404 shares of the exchange traded fund’s stock valued at $44,674,000 after buying an additional 796,617 shares during the last quarter.

Technology Select Sector SPDR Fund (XLK) opened at $68.51 on Friday. Technology Select Sector SPDR Fund has a 1-year low of $50.10 and a 1-year high of $69.19. The firm has a market capitalization of $21,360.00 and a PE ratio of 7.92.

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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.

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

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