Should I buy or sell Technology Select Sector SPDR Fund stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Technology Select Sector SPDR Fund in the last year. There are currently 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" XLK shares. View XLK analyst ratings or view top-rated stocks .

How have XLK shares performed in 2024?

Technology Select Sector SPDR Fund's stock was trading at $192.48 at the start of the year. Since then, XLK shares have increased by 2.2% and is now trading at $196.67. View the best growth stocks for 2024 here .

What does XLK invest in?

Technology Select Sector SPDR Fund is a equity fund issued by SSgA. XLK focuses on information technology investments and follows the S&P Technology Select Sector Index. The fund's investments total to approximately $62.47 billion assets under management.

What stocks does Technology Select Sector SPDR Fund hold?

XLK invests in 68 holdings. Some of the stocks in their portfolio include Microsoft (MSFT) , Apple (AAPL) , Broadcom (AVGO) , NVIDIA (NVDA) , Salesforce (CRM) , Advanced Micro Devices (AMD) , Adobe (ADBE) , Accenture (ACN) , Cisco Systems (CSCO) and Oracle (ORCL) .

What is the management fee for Technology Select Sector SPDR Fund?

Technology Select Sector SPDR Fund's management fee is 0.03% and has other expenses of 0.07%. The net expense ratio for XLK is 0.10%.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other 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) , Bank of America (BAC) , Walt Disney (DIS) , Visa (V) and Tesla (TSLA) .

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

Technology Select Sector SPDR Fund's stock is owned by many different institutional and retail investors. Top institutional shareholders include CHURCHILL MANAGEMENT Corp (1.73%), Factory Mutual Insurance Co. (0.56%), Global Assets Advisory LLC (0.47%), Congress Wealth Management LLC DE (0.33%), CWM LLC (0.16%) and Wealth Enhancement Advisory Services LLC (0.10%).

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 .

NYSEARCA:XLK

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

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$196.67

-2.18 (-1.10%)

(As of 04/18/2024 ET)

Compare

Today's Range: $196.38
▼
$199.30
50-Day Range: $198.85
▼
$211.02
52-Week Range: $143.92
▼
$212.35

Volume: 7.64 million shs
Average Volume: 6.81 million shs
Market Capitalization: $61.89 billion

Assets Under Management: $62.47 billion
Dividend Yield: 0.66%
Net Expense Ratio: 0.10%

Stock Analysis Chart Headlines Holdings Ownership Ratings

Get Technology Select Sector SPDR Fund alerts:

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

30 days | 90 days | 365 days | Advanced Chart

XLK ETF News Headlines

April 16, 2024 | marketbeat.com

PayPal’s User Decline Won’t Stop Its Double-Digit Upside (XLK)

PayPal stock is a sitting duck waiting to be shot by value investors. Fundamental KPIs show that a decline in net users isn't as bad as it seems.

April 11, 2024 | marketbeat.com

Corporate IT Spending Rebounds Could Push Salesforce Stock Higher (XLK)

Salesforce may be set to benefit from increasing corporate IT spending budgets, Wall Street thinks that EPS and price targets could rise by double-digits.

April 18, 2024 | Paradigm Press (Ad)

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April 2, 2024 | marketbeat.com

What to Expect From the Q1 Earnings Reporting Season (XLK)

The outlook for Q1 and 2024 earnings is robust, and growth should be sustained into 2025, but the market is setting up for a correction the FOMC could trigger.

March 21, 2024 | marketbeat.com

Google and Meta Circling the Market on a TikTok Ban Rally

Meta and Google are getting ready to take over the potential market share left to its devices if TikTok is banned from the U.S. Wall Street chose Meta

March 21, 2024 | marketbeat.com

3 Stocks About to Join the Rate Cut Party (XLK)

Three stocks quickly become top picks for you to play catch-up to the rate cut rally that has been hitting the stock market lately, analysts love them

March 18, 2024 | marketbeat.com

S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback? (XLK)

Amid a tech sector rally stumble, Nvidia leads the decline. Caution may be in order, amid broader signs that the wider market is under selling pressure.

April 18, 2024 | finance.yahoo.com

Technology Select Sector SPDR Fund (XLK)

April 18, 2024 | WealthPress (Ad)

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Fund Details

Issuer: SSgA
Fund Name: Technology Select Sector SPDR Fund
Tax Classification: Regulated Investment Company
Stock Exchange: NYSEARCA
Current Symbol: NYSEARCA:XLK
Inception Date: 12/16/1998
Fund Manager: Mike Feehily, Karl Schneider, David Chin
Web: www.sectorspdr.com
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: 68

Fund Statistics

Assets Under Management: $62.47 billion
Average Daily Volume: $6.13 million
Discount/Premium: 0.02%

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: 16,828
Put Options: 7,719
Call Options: 9,109
Short Interest: 6,730,000 shs

Miscellaneous

Outstanding Shares: 314,710,000
Beta: 1.32
Creation Unit: 50,000
Creation Fee: $500.00

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Technology Select Sector SPDR Fund Expenses

Type	XLK	Information Technology ETFs	Equity ETFs	NYSEARCA ETFs	All ETFs
Management Fee	0.03%	0.51%	0.54%	0.50%	0.51%
Other Expenses	0.07%	0.29%	0.54%	0.64%	0.58%
Total Expense	0.10%	0.63%	0.70%	0.74%	0.70%
Fee Waiver	0.00%	-0.48%	-0.55%	-0.68%	-0.57%
Net Expense	0.10%	0.55%	0.60%	0.58%	0.58%

Technology Select Sector SPDR Fund (XLK) Holdings & Exposure

Top 10 XLK Holdings

XLK Sector Exposure

XLK Industry Exposure

Full Holdings Details

Key Executives

Michael Feehily
Member of the Management Board
John A. Tucker (Age 1)
Member of the Management Board

Similar ETFs

Institutional Ownership

View All Institutional Transactions

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 passively managed, which can offer cost-efficiency and transparency to investors.
Recent market trends show a growing demand for technology products and services, potentially driving the performance of XLK.
Investing in XLK can provide a hedge against inflation, as technology companies often have strong pricing power and can adjust prices to offset inflationary pressures.
XLK's historical performance has shown resilience during market downturns, making it a potential defensive play in volatile market conditions.

Cons

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

Technology sector investments can be volatile, subjecting investors to significant market fluctuations and risks.
XLK's performance is closely tied to the overall technology sector, which can be impacted by regulatory changes, geopolitical events, and technological disruptions.
The current stock price of XLK may already reflect optimistic market expectations, potentially limiting short-term upside potential.
Investors should carefully consider their risk tolerance, as technology stocks can experience rapid price movements based on market sentiment and industry developments.
XLK's performance may be influenced by macroeconomic factors, such as interest rate changes and global economic conditions, which can affect the technology sector's profitability.

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 Thursday, April 11, 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

Should I buy or sell Technology Select Sector SPDR Fund stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Technology Select Sector SPDR Fund in the last year. There are currently 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" XLK shares.
View XLK analyst ratings or view top-rated stocks.
How have XLK shares performed in 2024?: Technology Select Sector SPDR Fund's stock was trading at $192.48 at the start of the year. Since then, XLK shares have increased by 2.2% and is now trading at $196.67.
View the best growth stocks for 2024 here.
What does XLK invest in?: Technology Select Sector SPDR Fund is a equity fund issued by SSgA. XLK focuses on information technology investments and follows the S&P Technology Select Sector Index. The fund's investments total to approximately $62.47 billion assets under management.
What stocks does Technology Select Sector SPDR Fund hold?: XLK invests in 68 holdings. Some of the stocks in their portfolio include Microsoft (MSFT), Apple (AAPL), Broadcom (AVGO), NVIDIA (NVDA), Salesforce (CRM), Advanced Micro Devices (AMD), Adobe (ADBE), Accenture (ACN), Cisco Systems (CSCO) and Oracle (ORCL).

What is the management fee for Technology Select Sector SPDR Fund?: Technology Select Sector SPDR Fund's management fee is 0.03% and has other expenses of 0.07%. The net expense ratio for XLK is 0.10%.
What other stocks do shareholders of Technology Select Sector SPDR Fund own?: Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Bank of America (BAC), Walt Disney (DIS), Visa (V) and Tesla (TSLA).
Who are Technology Select Sector SPDR Fund's major shareholders?: Technology Select Sector SPDR Fund's stock is owned by many different institutional and retail investors. Top institutional shareholders include CHURCHILL MANAGEMENT Corp (1.73%), Factory Mutual Insurance Co. (0.56%), Global Assets Advisory LLC (0.47%), Congress Wealth Management LLC DE (0.33%), CWM LLC (0.16%) and Wealth Enhancement Advisory Services LLC (0.10%).
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.

This page (NYSEARCA:XLK) was last updated on 4/18/2024 by MarketBeat.com Staff

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