May 22, 2022

Taquer-Tech

Melts In Your Technology

Technology Select Sector SPDR Fund (NYSEARCA:XLK) Sees Unusually-High Trading Volume

Technology Select Sector SPDR Fund (NYSEARCA:XLK) saw an uptick in trading volume on Friday . 1,612,416 shares changed hands during trading, a decline of 87% from the previous session’s volume of 12,124,547 shares.The stock last traded at $156.85 and had previously closed at $157.46.

The company’s 50-day moving average price is $169.06 and its two-hundred day moving average price is $160.51.

A number of large investors have recently modified their holdings of XLK. Capital Directions Investment Advisors LLC purchased a new position in Technology Select Sector SPDR Fund in the 2nd quarter worth $26,000. Advanced Research Investment Solutions LLC bought a new stake in shares of Technology Select Sector SPDR Fund during the 3rd quarter valued at about $30,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Technology Select Sector SPDR Fund during the 4th quarter valued at about $37,000. WestHill Financial Advisors Inc. bought a new stake in shares of Technology Select Sector SPDR Fund during the 3rd quarter valued at about $42,000. Finally, Herold Advisors Inc. bought a new stake in shares of Technology Select Sector SPDR Fund during the 3rd quarter valued at about $42,000.

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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