Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Rating) was upgraded by stock analysts at Truist Financial from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.
Technology Select Sector SPDR Fund Price Performance
Shares of XLK opened at $137.22 on Thursday. Technology Select Sector SPDR Fund has a one year low of $122.46 and a one year high of $177.04. The stock has a 50-day moving average price of $132.75 and a 200 day moving average price of $145.97.
Hedge Funds Weigh In On Technology Select Sector SPDR Fund
A number of hedge funds have recently modified their holdings of XLK. Rinkey Investments bought a new position in shares of Technology Select Sector SPDR Fund in the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Technology Select Sector SPDR Fund during the second quarter valued at about $25,000. Urban Wealth Management LLC bought a new position in Technology Select Sector SPDR Fund during the second quarter valued at about $30,000. Lehman & Derafelo Financial Resources LLC acquired a new stake in Technology Select Sector SPDR Fund during the second quarter valued at approximately $31,000. Finally, James Reed Financial Services Inc. acquired a new stake in Technology Select Sector SPDR Fund during the fourth quarter valued at approximately $32,000.
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.
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