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NYSEARCA:XLK

Technology Select Sector SPDR Fund (XLK) Price, Holdings, & News

$216.28
+2.71 (+1.27%)
(As of 07/26/2024 ET)
Today's Range
$214.45
$218.00
50-Day Range
$209.83
$237.65
52-Week Range
$159.50
$238.14
Volume
4.87 million shs
Average Volume
6.03 million shs
Market Capitalization
$67.89 billion
Assets Under Management
$66.27 billion
Dividend Yield
0.60%
Net Expense Ratio
0.09%
XLK stock logo

About Technology Select Sector SPDR Fund (NYSEARCA:XLK)

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. Sector SPDR Trust SBI Interest's investment advisor is SSgA Funds Management, Inc.

XLK Stock Price History

XLK ETF News Headlines

Analyst team colleague discuss financial data on digital dashboard, analyzing charts graph display on laptop and tablet screen. Modern office use business intelligence to plan marketing. Enthusiastic
Investors Are Moving into Bonds and Small Cap Stocks: Here's Why (XLK)
There's a new rotation trend going on in the market today, out of the big technology names and into small cap stocks as well as bonds, analyst approved
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Sector Update: Tech Stocks Gain Monday Afternoon
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
See More Headlines
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Fund Details

Issuer
SSgA
Fund Name
Technology Select Sector SPDR Fund
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:XLK
Inception Date
12/16/1998
Fund Manager
Mike Feehily, Karl Schneider, David Chin
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
S&P Technology Select Sector Index
Category
Sector
Focus
Information Technology
Development Level
Developed Markets
Region
North America
Number of Holdings
70

Fund Statistics

Assets Under Management
$66.27 billion
Average Daily Volume
$4.88 million
Discount/Premium
0.13%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
SSgA Funds Management, Inc.
Custodian
State Street Bank and Trust Company
Distributor
ALPS Portfolio Solutions Distributor, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Jane Street

Options

Optionable
Optionable
Options Volume
39,057
Put Options
20,953
Call Options
18,104
Short Interest
7,210,000 shs

Miscellaneous

Beta
1.35
Creation Unit
50,000
Creation Fee
$500.00
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Technology Select Sector SPDR Fund Expenses

TypeXLKInformation Technology ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.03%0.52%0.54%0.51%0.51%
Other Expenses0.06%0.22%0.50%0.59%0.54%
Total Expense0.09%0.61%0.70%0.74%0.71%
Fee Waiver0.00%-0.21%-0.54%-0.69%-0.59%
Net Expense0.09%0.56%0.60%0.58%0.59%

Technology Select Sector SPDR Fund (XLK) Holdings & Exposure

XLK Sector Exposure

XLK Industry Exposure

Should I Buy Technology Select Sector SPDR Fund Stock? XLK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Technology Select Sector SPDR Fund:

  • The Technology Select Sector SPDR Fund (XLK) provides exposure to a diversified portfolio of technology companies, including those involved in information technology, semiconductor equipment, and telecommunications services.
  • XLK is a passively managed exchange-traded fund that aims to replicate the performance of the Technology Select Sector of the S&P 500 Index, offering broad exposure to the technology sector.
  • Recent developments in the technology sector, such as advancements in artificial intelligence and cloud computing, could positively impact the performance of XLK.
  • Investors may benefit from the potential growth opportunities presented by innovative technology companies within XLK's portfolio.
  • Considering the current stock price of XLK and its historical performance, there may be potential for capital appreciation over the long term.

Cons

Investors should be bearish about investing in Technology Select Sector SPDR Fund for these reasons:

  • The technology sector can be volatile, and economic downturns or regulatory changes could negatively impact the performance of XLK.
  • Competition within the technology industry is intense, leading to challenges for companies in XLK's portfolio to maintain market share and profitability.
  • Changes in consumer preferences or technological disruptions could affect the growth prospects of certain companies held by XLK.
  • Investors should be cautious of potential cybersecurity risks that technology companies face, which could result in financial losses or reputational damage.
  • Market fluctuations and interest rate changes may influence the overall performance of XLK, leading to fluctuations in the fund's value.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Technology Select Sector SPDR Fund pros and cons to contact@marketbeat.com.

XLK ETF - Frequently Asked Questions

How have XLK shares performed this year?

Technology Select Sector SPDR Fund's stock was trading at $192.48 on January 1st, 2024. Since then, XLK shares have increased by 12.4% and is now trading at $216.28.
View the best growth stocks for 2024 here
.

Who are Technology Select Sector SPDR Fund's major shareholders?

Technology Select Sector SPDR Fund's top institutional investors include Raymond James & Associates (1.12%), Raymond James Financial Services Advisors Inc. (0.31%), Harel Insurance Investments & Financial Services Ltd. (0.25%) and Cambridge Investment Research Advisors Inc. (0.17%).

How do I buy shares of Technology Select Sector SPDR Fund?

Shares of XLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Technology Select Sector SPDR Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Technology Select Sector SPDR Fund investors own include NVIDIA (NVDA), AT&T (T), Intel (INTC), Financial Select Sector SPDR Fund (XLF), Verizon Communications (VZ), Johnson & Johnson (JNJ) and Bank of America (BAC).

This page (NYSEARCA:XLK) was last updated on 7/26/2024 by MarketBeat.com Staff

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