State Street Technology Select Sector SPDR ETF

XLK, the State Street Technology Select Sector SPDR ETF, holding the information technology slice of the S&P 500: software, semiconductors, IT services and hardware. Alphabet and Meta sit in communication services under the same classification, so they are not in it. Weights follow market value, capped to stay inside US tax limits. The fund launched in 1998. XLK here is a Robinhood Stock Token from Robinhood Assets (Jersey) Limited, backed by fund shares held at Alpaca Securities; distributions are reinvested into more shares and show up as a rising multiplier on the token balance.