The State Street Technology Select Sector SPDR ETF (XLK) reported a week-over-week outflow of approximately $247.9 million, marking a 0.2% decrease in shares outstanding from 652,711,794 to 651,361,794. This shift signifies notable investor activity in the ETF, which includes major tech companies.
As of the latest trading session, underlying stocks within XLK experienced declines, with Marvell Technology Inc (MRVL) down 1.6%, International Business Machines Corp (IBM) down 0.3%, and CrowdStrike Holdings Inc (CRWD) down 3.4%. XLK’s share price currently stands at $183.39, within a 52-week range of $126.68 to $198.73.
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