Hollencrest Capital Management lowered its stake in shares of Technology Select Sector SPDR ETF (NYSEARCA:XLK) by 9.3% during the fourth quarter, HoldingsChannel reports. The firm owned 261,767 shares of the exchange traded fund’s stock after selling 26,905 shares during the quarter. Technology Select Sector SPDR ETF makes up about 2.2% of Hollencrest Capital Management’s investment portfolio, making the stock its 5th biggest position. Hollencrest Capital Management’s holdings in Technology Select Sector SPDR ETF were worth $16,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of XLK. Valeo Financial Advisors LLC purchased a new stake in Technology Select Sector SPDR ETF in the third quarter valued at about $112,000. Horan Capital Advisors LLC. purchased a new stake in Technology Select Sector SPDR ETF in the third quarter valued at about $120,000. Toronto Dominion Bank raised its stake in Technology Select Sector SPDR ETF by 152.0% in the third quarter. Toronto Dominion Bank now owns 2,530 shares of the exchange traded fund’s stock valued at $150,000 after buying an additional 7,400 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Technology Select Sector SPDR ETF in the second quarter valued at about $152,000. Finally, YorkBridge Wealth Partners LLC raised its stake in Technology Select Sector SPDR ETF by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,055 shares of the exchange traded fund’s stock valued at $166,000 after buying an additional 96 shares during the last quarter.

Technology Select Sector SPDR ETF (NYSEARCA:XLK) traded up $0.12 during trading on Friday, reaching $67.67. The company’s stock had a trading volume of 14,922,900 shares, compared to its average volume of 11,425,125. Technology Select Sector SPDR ETF has a 52 week low of $49.44 and a 52 week high of $67.85. The stock has a market capitalization of $20,860.00 and a PE ratio of 7.82.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were paid a $0.2383 dividend. The ex-dividend date of this dividend was Friday, December 15th. This is a boost from Technology Select Sector SPDR ETF’s previous quarterly dividend of $0.21. This represents a $0.95 dividend on an annualized basis and a yield of 1.41%. Technology Select Sector SPDR ETF’s dividend payout ratio (DPR) is 10.17%.

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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.

Want to see what other hedge funds are holding XLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Technology Select Sector SPDR ETF (NYSEARCA:XLK).

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

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