Overview of XLK
The Technology Select Sector Fund (XLK) is the most liquid ETF in the technology sector with over 8 million shares traded per day. XLK tracks the performance of 74 publicly listed companies in the technology sector. XLK has a market capitalization of $12.6 billion. The top five holdings of the ETF are Apple (AAPL) (14.4%), Microsoft (MSFT) (10.7%), Facebook’s Class A shares (FB) (5.7%), Alphabet’s Class C shares (GOOG) (5.4%), and Alphabet’s Class A shares (5.4%). These five stocks constitute over 40% of XLK’s holdings. Apple also makes up 13% of the PowerShares QQQ ETF (QQQ).
XLK has an expense ratio of 0.14% and an average daily volume of shares traded worth $592.9 million. The PE (price-to-earnings) ratio of XLK is 18.7x, and its PBV (price-to-book value) ratio and distribution yield are 4.1x and 1.8%, respectively.
Fund flows in XLK
XLK has seen net inflows of $382.1 million in the trailing-one-month period and $127.1 million in the trailing-12-month period, as of March 17. Its net inflows in the trailing-one-week period are $49.7 million, but it has seen outflows of $909.99 million in the trailing-three-month period.
XLK has risen 5.7% in the trailing-12-month period and 9% in the trailing-one-month period. In comparison, it has risen 15% in the trailing-three-year period and 14.1% in the trailing-five-year period. XLK’s share price has risen 1.8% year-to-date.
On March 17, 2016, XLK closed at $43.74. Based on this figure, here’s how the stock compares to its moving averages:
- 3.7% below its 100-day moving average of $42.19
- 7.1% below its 50-day moving average of $40.82
- 4% above its 20-day moving average of $42.04