Hbw Advisory Services 13F: Cuts XLK Stake by $4.4M

Hbw Advisory Services filed a Form 13F with the U.S. Securities and Exchange Commission reporting a reduction in its holdings of State Street Technology Select Sector SPDR ETF (NYSEArca:XLK). The filing covers positioning through the period ending in late 2026, though such retrospective filings may not reflect current trades.

What Changed in Hbw Advisory Services's State Street Technology Select Sector SPDR ETF Position

Hbw Advisory Services cut its position by 22,708 shares during the period, resulting in a 30.1% decrease from its previous holding of 75,364 shares. The firm finished the period with 52,656 shares of the technology fund, with the remaining stake valued at approximately $10,307,446.

State Street Technology Select Sector SPDR ETF Stock Down 3.4%

Shares recently traded around $183.90, sitting below the 50-day moving average of $189.97 while remaining above the 200-day moving average of $167.32. The ETF has traded between a 52-week low of $126.68 and a 52-week high of $203.25. The fund carries a price-to-earnings ratio of 31.0 and offers a dividend yield of 0.43% based on its previous close of $190.43.

About State Street Technology Select Sector SPDR ETF

State Street Technology Select Sector SPDR ETF is an exchange-traded fund that tracks the performance of a specific technology index using a replication strategy. The fund typically invests almost all of its total assets in the underlying index securities in nearly identical proportions to match market movements. Institutional adjustments in funds like this often reflect broader portfolio rebalancing across major sectors.

Bottom Line

Institutional 13F filings provide a backward-looking window into portfolio adjustments made by major investment managers. Observers tracking Hbw Advisory Services will need to review subsequent filings to see whether this reduction marks a temporary sector rotation or part of a longer-term strategy shift.