Share on :

Asset Summary

Daily Performance Report for XLK ETF: Dec 23, 2024

Summary: The day started with XLK ETF opening at $236.75 and closing at $237.97. The ETF showed resilience throughout the day, with the highest price observed at $238.17 and the lowest at $234.99. The underlying asset had a trading range of $3.18 Overall, it was a positive trading day for XLK ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $1.22 or 0.52% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for XLK ETF was 3,950,063 units during Dec 23, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $236.75.

Highest Price: The highest price observed during the day was $238.17.

Lowest Price: The lowest price observed during the day was $234.99.

Closing Price: The day ended at $237.97.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

Unlock Your XLK Trading Now

Discover unparalleled trading insights with RankMyTrade. Our automated system offers advanced analysis and technical indicators for XLK, aimed at optimizing your trading decisions. Transform your trading strategy now and get ahead in the market now!

Explore Insights Now

Frequently Asked Questions

XLK typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying stocks in the ETF’s portfolio.

Similar ETFs to XLK include the iShares U.S. Technology ETF (IYW) and the Vanguard Information Technology ETF (VGT). These ETFs also focus on the technology sector but may have different methodologies or specific exposures.

Key performance metrics for XLK include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely XLK follows the Technology Select Sector Index.

Yes, XLK can be held in retirement accounts such as IRAs or 401(k)s. It can be a suitable choice for investors seeking targeted exposure to the technology sector within their retirement portfolio.

Yes, investing in XLK carries risks such as sector risk and market risk. The technology sector can be highly volatile and sensitive to changes in technology trends, regulatory developments, and economic conditions. Additionally, individual companies within the sector can face risks related to innovation, competition, and cybersecurity.

As of the latest update, XLK has an expense ratio of approximately 0.10%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

XLK is rebalanced quarterly to align with changes in the Technology Select Sector Index. This rebalancing ensures that the ETF continues to accurately reflect the index.

XLK is managed by State Street Global Advisors. The fund seeks to replicate the performance of the Technology Select Sector Index by holding the same stocks in similar proportions as the index. Management involves periodic rebalancing to ensure that the ETF accurately reflects the index.

Dividends received from the underlying stocks in XLK are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of XLK.

Investors can purchase shares of XLK through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "XLK."

Advance Your XLK Trading Now

Experience the future of trading with RankMyTrade.com. Our advanced system delivers in-depth analysis and insights for XLK, utilizing state-of-the-art technical tools and strategies. Boost your investment success with us and see how we can elevate your trading results!

Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

With any investment, your capital is at risk. The value of your portfolio go down as well as up. Past performance is no guarantee of future results. By using this website, you accept our Terms of Service, Privacy Policy, and Payment Agreement.

Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.

Securities products are: Not FDIC insured · Not bank guaranteed · May lose value

Trademarks and logos are the property of their respective owners and do not represent endorsements of any kind. Unless otherwise noted, RankMyTrade and its affiliates are not partners, affiliates, or licensees of these companies.

Supported Assets & ETFs