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NYSEARCA:XLK

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

$228.01
+1.78 (+0.79%)
(As of 07/1/2024 ET)
Today's Range
$223.28
$228.32
50-Day Range
$194.26
$231.47
52-Week Range
$159.50
$232.59
Volume
4.64 million shs
Average Volume
6.19 million shs
Market Capitalization
$71.57 billion
Assets Under Management
$71.04 billion
Dividend Yield
0.57%
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

Background of Stock heatmap on the monitor in predominantly red
The Top 3 Sectors Poised For Growth This Summer (XLK)
Communications, technology, and healthcare are the three hottest sectors for growth, but not all stocks will rise with the tides.
Adobe Inc. logo is displayed on a smartphone screen
Adobe Stock Joined the A.I. Upswing with Impressive Gains
Adobe stock has already rallied by double-digits after reporting its quarterly earnings, but analysts think it could go for another double-digit run soon
Will Biden Be Replaced?
There are growing rumors of a possible Joe Biden replacement following his first debate against Donald Trump. However, I don't think that's what will actually happen... Because there's a sneaky, yet 100% legal way for Biden to still win the election – without ever having to replace him on the ballot.
Will Biden Be Replaced?
There are growing rumors of a possible Joe Biden replacement following his first debate against Donald Trump. However, I don't think that's what will actually happen... Because there's a sneaky, yet 100% legal way for Biden to still win the election – without ever having to replace him on the ballot.
See More Headlines

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
$70.36 billion
Average Daily Volume
$5.16 million
Discount/Premium
0.01%

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
13,948
Put Options
8,576
Call Options
5,372
Short Interest
7,280,000 shs

Miscellaneous

Beta
1.35
Creation Unit
50,000
Creation Fee
$500.00

Technology Select Sector SPDR Fund Expenses

TypeXLKInformation Technology ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.03%0.50%0.54%0.51%0.51%
Other Expenses0.06%0.21%0.50%0.59%0.54%
Total Expense0.09%0.60%0.70%0.74%0.71%
Fee Waiver0.00%-0.20%-0.55%-0.69%-0.59%
Net Expense0.09%0.55%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:

  • 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, which includes companies primarily involved in technology industries.
  • Recent developments in the technology sector have shown strong growth potential, making investments in XLK a promising opportunity for investors.
  • With the current stock price of XLK showing positive momentum, investors may benefit from potential capital appreciation in the near future.
  • Investing in XLK provides diversification benefits as it focuses on a specific sector, allowing investors to spread risk across multiple technology companies.
  • Technology companies within the S&P 500 Index have shown resilience and innovation, making XLK a favorable choice for investors looking for long-term growth prospects.

Cons

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

  • While XLK offers exposure to the technology sector, it also comes with sector-specific risks such as regulatory challenges, competition, and market volatility.
  • Investing in XLK may be subject to market fluctuations and economic uncertainties, which could impact the overall performance of the fund.
  • As with any sector-focused fund, Technology Select Sector SPDR Fund may be more susceptible to industry-specific risks compared to diversified funds.
  • Investors should carefully consider their risk tolerance and investment goals before allocating a significant portion of their portfolio to XLK.
  • While technology companies have shown growth potential, past performance is not indicative of future results, and investors should conduct thorough research before making investment decisions.
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 Saturday, June 22, 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 analysts have issued "buy," "hold," and "sell" ratings for Technology Select Sector SPDR Fund in the last twelve months. There are currently 11 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 beginning of 2024. Since then, XLK shares have increased by 18.5% and is now trading at $228.01.
View the best growth stocks for 2024 here
.

How often does Technology Select Sector SPDR Fund pay dividends? What is the dividend yield for Technology Select Sector SPDR Fund?

Technology Select Sector SPDR Fund declared a dividend on Friday, January 5th. Shareholders of record on Monday, June 24th will be paid a dividend of $0.40 per share on Wednesday, June 26th. The ex-dividend date is Monday, June 24th.
Read our dividend analysis for XLK
.

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 $71.04 billion assets under management.

What stocks does Technology Select Sector SPDR Fund hold?
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 0.06%. The net expense ratio for XLK is 0.09%.

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).

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 7/2/2024 by MarketBeat.com Staff

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