Technology Select Sector SPDR Fund (NYSEARCA:XLK) Shares Cross Below 200-Day Moving Average of $0.00

Technology Select Sector SPDR Fund (NYSEARCA:XLK) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as low as $75.89. Technology Select Sector SPDR Fund shares last traded at $76.81, with a volume of 1,212,419 shares.

The stock has a fifty day simple moving average of $79.93 and a 200-day simple moving average of $75.47.

Several institutional investors have recently bought and sold shares of XLK. Perkins Coie Trust Co lifted its holdings in shares of Technology Select Sector SPDR Fund by 588.2% in the 2nd quarter. Perkins Coie Trust Co now owns 468 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 400 shares during the last quarter. Sageworth Trust Co purchased a new stake in shares of Technology Select Sector SPDR Fund in the 2nd quarter valued at about $39,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Technology Select Sector SPDR Fund in the 2nd quarter valued at about $39,000. TRUE Private Wealth Advisors purchased a new stake in shares of Technology Select Sector SPDR Fund in the 2nd quarter valued at about $41,000. Finally, Weaver Consulting Group acquired a new position in Technology Select Sector SPDR Fund in the 1st quarter valued at about $49,000.

About Technology Select Sector SPDR Fund (NYSEARCA:XLK)

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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