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NYSEARCA:XLK

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

$205.63
+0.92 (+0.45%)
(As of 08/9/2024 ET)
Today's Range
$203.35
$206.81
50-Day Range
$197.36
$237.65
52-Week Range
$159.50
$238.14
Volume
4.74 million shs
Average Volume
6.19 million shs
Market Capitalization
$64.55 billion
Assets Under Management
$64.65 billion
Dividend Yield
0.63%
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

Person checking the stock prices on a smartphone in front of a big screen market rates. Person viewing share prices on a smartphone with market prices on a screen in the background.
Market Shock: How Sectors Have Shaped Up During Historic Sell-Off (XLK)
U.S. stocks and several market-leading sectors gapped down sharply on Monday, driven by extreme sell-offs in the Nikkei 225 and the unwinding of carry trades.
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
Write this ticker symbol down…
A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.
Write this ticker symbol down…
A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.
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
$64.65 billion
Average Daily Volume
$6.72 million
Discount/Premium
0.09%

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
34,431
Put Options
23,038
Call Options
11,393
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%-0.53%-0.68%-0.59%
Net Expense0.09%0.56%0.60%0.58%0.58%

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 ETF, which means it aims to replicate the performance of the Technology Select Sector of the S&P 500 Index, offering investors a convenient way to gain broad exposure to the technology sector.
  • Recent developments in the technology sector, such as advancements in artificial intelligence and cloud computing, have the potential to drive growth in XLK holdings.
  • Investors may benefit from the current stock price of XLK, which reflects the market's valuation of the technology sector and provides an entry point for potential returns.
  • XLK's investment advisor, SSgA Funds Management, Inc., brings expertise in managing sector-specific ETFs, enhancing the fund's potential for long-term growth.

Cons

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

  • As an ETF tracking a specific sector, XLK is subject to sector-specific risks, such as regulatory changes, technological disruptions, and market volatility that can impact the fund's performance.
  • Investing in XLK may lead to overexposure to the technology sector, potentially increasing portfolio risk if the sector experiences a downturn.
  • Fluctuations in interest rates or economic conditions can affect the performance of technology companies held by XLK, leading to volatility in the fund's returns.
  • Competitive pressures within the technology sector could impact the profitability and growth prospects of XLK holdings, influencing the fund's overall performance.
  • Investors should consider their risk tolerance and investment goals before allocating a significant portion of their portfolio to XLK, as sector-specific ETFs may not be suitable for all investors.
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 Monday, August 5, 2024. Please send any questions or comments about these Technology Select Sector SPDR Fund pros and cons to [email protected].

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 6.8% and is now trading at $205.63.
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 shareholders include Envestnet Asset Management Inc. (1.73%), Raymond James & Associates (1.12%), WestEnd Advisors LLC (0.70%) and AGF Management Ltd. (0.49%).

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 8/10/2024 by MarketBeat.com Staff

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