Bruderman Asset Management LLC boosted its holdings in Technology Select Sector SPDR ETF (NYSEARCA:XLK) by 18.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,228 shares of the exchange traded fund’s stock after acquiring an additional 7,356 shares during the quarter. Bruderman Asset Management LLC’s holdings in Technology Select Sector SPDR ETF were worth $2,850,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XLK. BB&T Securities LLC raised its holdings in Technology Select Sector SPDR ETF by 0.9% during the 3rd quarter. BB&T Securities LLC now owns 434,244 shares of the exchange traded fund’s stock worth $25,663,000 after buying an additional 3,766 shares during the period. Captrust Financial Advisors raised its holdings in Technology Select Sector SPDR ETF by 162.9% during the 3rd quarter. Captrust Financial Advisors now owns 21,331 shares of the exchange traded fund’s stock worth $1,261,000 after buying an additional 13,216 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives acquired a new stake in Technology Select Sector SPDR ETF during the 3rd quarter worth about $96,747,000. Sii Investments Inc. WI raised its holdings in Technology Select Sector SPDR ETF by 59.3% during the 3rd quarter. Sii Investments Inc. WI now owns 14,460 shares of the exchange traded fund’s stock worth $856,000 after buying an additional 5,381 shares during the period. Finally, BKS Advisors LLC raised its holdings in Technology Select Sector SPDR ETF by 2.9% during the 3rd quarter. BKS Advisors LLC now owns 112,977 shares of the exchange traded fund’s stock worth $6,677,000 after buying an additional 3,194 shares during the period.

Technology Select Sector SPDR ETF (NYSEARCA:XLK) traded down $0.33 during midday trading on Friday, reaching $63.51. The company’s stock had a trading volume of 19,211,506 shares, compared to its average volume of 9,355,570. Technology Select Sector SPDR ETF has a 12-month low of $46.37 and a 12-month high of $64.77.

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About Technology Select Sector SPDR ETF

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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Institutional Ownership by Quarter for Technology Select Sector SPDR ETF (NYSEARCA:XLK)

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