Technology Select Sector SPDR Fund (XLK) to Issue Quarterly Dividend of $0.23 on June 24th

Technology Select Sector SPDR Fund (NYSEARCA:XLK) declared a quarterly dividend on Friday, January 2nd. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.2279 per share by the exchange traded fund on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd. This is a 36.1% increase from Technology Select Sector SPDR Fund’s previous quarterly dividend of $0.17.

Technology Select Sector SPDR Fund Price Performance

NYSEARCA:XLK remained flat at $191.44 during mid-day trading on Friday. 12,034,279 shares of the company traded hands, compared to its average volume of 16,499,701. The stock has a market capitalization of $124.10 billion, a PE ratio of 35.59 and a beta of 1.34. The stock’s 50 day moving average is $173.07 and its 200 day moving average is $152.72. Technology Select Sector SPDR Fund has a 12-month low of $119.38 and a 12-month high of $198.73.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Evermay Wealth Management LLC raised its holdings in Technology Select Sector SPDR Fund by 74.0% during the fourth quarter. Evermay Wealth Management LLC now owns 174 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of Technology Select Sector SPDR Fund during the 4th quarter valued at $26,000. Operose Advisors LLC bought a new stake in shares of Technology Select Sector SPDR Fund in the 4th quarter worth $26,000. AG Campbell Advisory LLC bought a new stake in shares of Technology Select Sector SPDR Fund in the 4th quarter worth $27,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Technology Select Sector SPDR Fund in the third quarter valued at $28,000.

About Technology Select Sector SPDR Fund

The Technology Select Sector SPDR Fund is an exchange-traded fund that aims to track, before fees and expenses, the performance of the Technology Select Sector Index. The index is designed to represent the technology companies within the S&P 500 and provides concentrated exposure to industries such as software, semiconductors, IT services, communications equipment, and technology hardware.