This article first appeared on GuruFocus.
State Street Technology Select Sector SPDR ETF (XLK) reported gross ETF activity of $262.9 million on Wednesday, with $162.8 million in net buying against $116.94 billion in assets. XLK increased just 1 position and decreased 74, led by a $212.8 million purchase of Oracle Corp. that lifted the stake to a 1.52% weight.
What did XLK buy on Wednesday?
Its largest buys by dollar value were ORCL ($212.8 million).
What did XLK sell on Wednesday?
Its largest sells by dollar value were AAPL ($8.1 million), NVDA ($7.7 million) and MSFT ($6.5 million).
The Oracle buy was the fund’s only reported addition, and it was not a new position. On the sell side, XLK trimmed Apple by $8.1 million, Nvidia by $7.7 million, Microsoft by $6.5 million, Broadcom by $2.5 million and Advanced Micro Devices by $2.3 million. None of the largest sells were full exits, and no new positions were opened.
How does XLK invest?
XLK is an Equity Sector Information Tech fund holding 76 stocks, with 65.1% of assets in its 10 largest holdings. Technology accounts for 100.0% of its classified sector exposure, and its market-cap mix is 100.0% large cap, 0.0% mid cap and 0.0% small cap. It has an expense ratio of 0.08%, and its top holdings are Apple at 15.77%, Nvidia at 14.97%, Microsoft at 12.76%, Broadcom at 4.79% and Advanced Micro Devices at 4.47%. The fund has a GF Score of 90, a P/E of 32.31, a P/B of 10.93, a dividend yield of 0.54% and a year-to-date return of 13.19%.
State Street Technology Select Sector SPDR ETF (XLK) at a glance
Holdings, performance and fees for XLK are on its fund summary page; the ETF Screener lines it up against its peers. For the stock behind its biggest buy, see ORCL’s GF Value page and trade guru.
Source: finance.yahoo.com
