J. W. Burns & Company acquired a new position in Technology SPDR (ETF) (NYSEARCA:XLK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,085 shares of the company’s stock, valued at approximately $346,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wunderlich Securities raised its position in shares of Technology SPDR (ETF) by 22.8% in the fourth quarter. Wunderlich Securities now owns 15,240 shares of the company’s stock worth $652,000 after buying an additional 2,831 shares during the period. Baker Avenue Asset Management raised its position in shares of Technology SPDR (ETF) by 4.8% in the third quarter. Baker Avenue Asset Management now owns 16,993 shares of the company’s stock worth $671,000 after buying an additional 772 shares during the period. EQIS Capital Management raised its position in shares of Technology SPDR (ETF) by 334.9% in the fourth quarter. EQIS Capital Management now owns 21,939 shares of the company’s stock worth $940,000 after buying an additional 16,894 shares during the period. Fragasso Group acquired a new position in shares of Technology SPDR (ETF) during the fourth quarter worth about $1,011,000. Finally, Stillwater Investment Management raised its position in shares of Technology SPDR (ETF) by 0.7% in the fourth quarter. Stillwater Investment Management now owns 44,359 shares of the company’s stock worth $1,900,000 after buying an additional 300 shares during the period.

Shares of Technology SPDR (NYSEARCA:XLK) traded up 2.77% on Friday, reaching $40.38. The company’s stock had a trading volume of 11,248,235 shares. The stock has a 50-day moving average of $42.11 and a 200 day moving average of $41.96. Technology SPDR has a 52 week low of $31.32 and a 52 week high of $44.65.

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 (NYSEARCA:XLK). 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.

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