Accuvest Global Advisors Trims Holdings in Technology Select Sector SPDR ETF (XLK)

Accuvest Global Advisors reduced its stake in Technology Select Sector SPDR ETF (NYSEARCA:XLK) by 66.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,820 shares of the exchange traded fund’s stock after selling 70,404 shares during the period. Technology Select Sector SPDR ETF makes up 1.8% of Accuvest Global Advisors’ portfolio, making the stock its 20th largest holding. Accuvest Global Advisors’ holdings in Technology Select Sector SPDR ETF were worth $2,058,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Asset Planning Services Ltd. increased its holdings in Technology Select Sector SPDR ETF by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 4,024 shares of the exchange traded fund’s stock valued at $220,000 after acquiring an additional 16 shares during the last quarter. Adirondack Trust Co. increased its holdings in Technology Select Sector SPDR ETF by 1.0% in the 2nd quarter. Adirondack Trust Co. now owns 5,595 shares of the exchange traded fund’s stock valued at $307,000 after acquiring an additional 55 shares during the last quarter. Goelzer Investment Management Inc. increased its holdings in Technology Select Sector SPDR ETF by 0.8% in the 2nd quarter. Goelzer Investment Management Inc. now owns 7,099 shares of the exchange traded fund’s stock valued at $388,000 after acquiring an additional 56 shares during the last quarter. Fernwood Investment Management LLC increased its holdings in Technology Select Sector SPDR ETF by 1.4% in the 2nd quarter. Fernwood Investment Management LLC now owns 5,736 shares of the exchange traded fund’s stock valued at $314,000 after acquiring an additional 80 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its holdings in Technology Select Sector SPDR ETF by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,055 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 96 shares during the last quarter.

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Shares of Technology Select Sector SPDR ETF (NYSEARCA XLK) traded down $0.41 during midday trading on Monday, reaching $63.35. 8,302,100 shares of the company’s stock were exchanged, compared to its average volume of 9,180,197. Technology Select Sector SPDR ETF has a one year low of $46.37 and a one year high of $64.02.

Technology Select Sector SPDR ETF Company Profile

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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