Technology Select Sector SPDR Fund (NYSEARCA:XLK) Shares Scheduled to Split on Friday, December 5th

Technology Select Sector SPDR Fund (NYSEARCA:XLK)’s stock is scheduled to split before the market opens on Friday, December 5th. The 2-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Thursday, December 4th.

Technology Select Sector SPDR Fund Stock Up 0.4%

XLK opened at $273.20 on Friday. Technology Select Sector SPDR Fund has a 52 week low of $172.45 and a 52 week high of $305.99. The business has a 50 day moving average price of $286.13 and a two-hundred day moving average price of $263.29. The company has a market cap of $88.25 billion, a PE ratio of 35.59 and a beta of 1.21.

Hedge Funds Weigh In On Technology Select Sector SPDR Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of XLK. CIBC Bancorp USA Inc. acquired a new stake in shares of Technology Select Sector SPDR Fund in the 3rd quarter worth $12,971,000. Maven Securities LTD raised its holdings in Technology Select Sector SPDR Fund by 49.3% during the third quarter. Maven Securities LTD now owns 42,472 shares of the exchange traded fund’s stock worth $11,978,000 after purchasing an additional 14,021 shares in the last quarter. First Commonwealth Financial Corp PA lifted its position in Technology Select Sector SPDR Fund by 3.3% in the third quarter. First Commonwealth Financial Corp PA now owns 2,820 shares of the exchange traded fund’s stock valued at $795,000 after purchasing an additional 89 shares during the period. Center For Asset Management LLC acquired a new stake in Technology Select Sector SPDR Fund in the third quarter valued at about $225,000. Finally, Sunbelt Securities Inc. boosted its holdings in Technology Select Sector SPDR Fund by 8.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 12,029 shares of the exchange traded fund’s stock valued at $3,390,000 after purchasing an additional 930 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.