Technology Select Sector SPDR Fund Sees Unusually High Options Volume (NYSEARCA:XLK)
by Renee Jackson · The Cerbat GemTechnology Select Sector SPDR Fund (NYSEARCA:XLK – Get Free Report) was the target of some unusual options trading on Monday. Investors bought 59,978 put options on the stock. This represents an increase of 176% compared to the average volume of 21,763 put options.
Technology Select Sector SPDR Fund Stock Up 0.7%
XLK traded up $1.00 during trading on Monday, reaching $147.15. 7,599,476 shares of the stock traded hands, compared to its average volume of 14,489,560. The stock’s 50-day moving average is $144.35 and its 200 day moving average is $138.45. Technology Select Sector SPDR Fund has a 12 month low of $86.22 and a 12 month high of $152.99. The stock has a market capitalization of $94.39 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 have recently added to or reduced their stakes in XLK. Evermay Wealth Management LLC bought a new stake in Technology Select Sector SPDR Fund during the second quarter worth $25,000. Sachetta LLC grew its stake in shares of Technology Select Sector SPDR Fund by 102.0% in the 3rd quarter. Sachetta LLC now owns 101 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 51 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Technology Select Sector SPDR Fund in the third quarter valued at about $28,000. Federated Hermes Inc. purchased a new stake in shares of Technology Select Sector SPDR Fund in the third quarter valued at about $30,000. Finally, DHJJ Financial Advisors Ltd. lifted its position in shares of Technology Select Sector SPDR Fund by 1,514.3% during the second quarter. DHJJ Financial Advisors Ltd. now owns 113 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 106 shares in the last quarter.
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.