Traders purchased shares of Technology Select Sector SPDR Fund (NYSEARCA:XLK) on weakness during trading hours on Wednesday. $199.39 million flowed into the stock on the tick-up and $72.54 million flowed out of the stock on the tick-down, for a money net flow of $126.85 million into the stock. Of all stocks tracked, Technology Select Sector SPDR Fund had the 3rd highest net in-flow for the day. Technology Select Sector SPDR Fund traded down ($0.28) for the day and closed at $71.49

Separately, Morgan Stanley downgraded Technology Select Sector SPDR Fund to an “underweight” rating in a research report on Monday.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Monday, June 18th were given a $0.2553 dividend. This is an increase from Technology Select Sector SPDR Fund’s previous quarterly dividend of $0.22. This represents a $1.02 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, June 15th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp increased its position in Technology Select Sector SPDR Fund by 6.0% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 3,537,469 shares of the exchange traded fund’s stock worth $245,748,000 after buying an additional 201,007 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Technology Select Sector SPDR Fund by 122.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,888,447 shares of the exchange traded fund’s stock worth $188,962,000 after purchasing an additional 1,591,469 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Technology Select Sector SPDR Fund by 2.6% during the 1st quarter. LPL Financial LLC now owns 1,994,461 shares of the exchange traded fund’s stock worth $130,478,000 after purchasing an additional 50,700 shares in the last quarter. Mizuho Bank Ltd. grew its holdings in shares of Technology Select Sector SPDR Fund by 129.4% during the 1st quarter. Mizuho Bank Ltd. now owns 1,950,000 shares of the exchange traded fund’s stock worth $127,569,000 after purchasing an additional 1,100,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Technology Select Sector SPDR Fund by 7.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,702,071 shares of the exchange traded fund’s stock worth $111,349,000 after purchasing an additional 115,653 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.

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