Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Technology Select Sector SPDR Fund (NYSEARCA:XLK) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $141.26 and traded as low as $138.97. Technology Select Sector SPDR Fund shares last traded at $140.88, with a volume of 14,939,843 shares changing hands.

Technology Select Sector SPDR Fund Trading Up 0.5%

The stock has a market cap of $89.72 billion, a P/E ratio of 35.59 and a beta of 1.21. The firm has a 50-day simple moving average of $143.75 and a two-hundred day simple moving average of $141.26.

Institutional Trading of Technology Select Sector SPDR Fund

A number of institutional investors have recently bought and sold shares of XLK. Exencial Wealth Advisors LLC boosted its stake in shares of Technology Select Sector SPDR Fund by 0.4% in the third quarter. Exencial Wealth Advisors LLC now owns 9,207 shares of the exchange traded fund’s stock valued at $2,595,000 after buying an additional 36 shares during the period. Lodestone Wealth Management LLC increased its stake in Technology Select Sector SPDR Fund by 1.5% during the 2nd quarter. Lodestone Wealth Management LLC now owns 2,525 shares of the exchange traded fund’s stock worth $639,000 after acquiring an additional 38 shares during the period. Goelzer Investment Management Inc. raised its holdings in Technology Select Sector SPDR Fund by 1.6% in the 3rd quarter. Goelzer Investment Management Inc. now owns 2,480 shares of the exchange traded fund’s stock valued at $699,000 after acquiring an additional 38 shares in the last quarter. Finemark National Bank & Trust lifted its position in shares of Technology Select Sector SPDR Fund by 0.3% during the 3rd quarter. Finemark National Bank & Trust now owns 11,643 shares of the exchange traded fund’s stock valued at $3,282,000 after acquiring an additional 38 shares during the period. Finally, Rakuten Securities Inc. lifted its position in shares of Technology Select Sector SPDR Fund by 30.2% during the 2nd quarter. Rakuten Securities Inc. now owns 164 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 38 shares during the period.

About Technology Select Sector SPDR Fund

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.