SFG Wealth Management LLC. Lowers Holdings in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

SFG Wealth Management LLC. decreased its position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,295 shares of the company’s stock after selling 1,880 shares during the quarter. SPDR NYSE Technology ETF makes up 1.1% of SFG Wealth Management LLC.’s holdings, making the stock its 17th largest holding. SFG Wealth Management LLC.’s holdings in SPDR NYSE Technology ETF were worth $2,166,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in XNTK. Western Wealth Management LLC bought a new position in shares of SPDR NYSE Technology ETF during the first quarter valued at approximately $203,000. Aurora Private Wealth Inc. bought a new stake in SPDR NYSE Technology ETF during the first quarter valued at about $32,714,000. Sheets Smith Wealth Management lifted its position in shares of SPDR NYSE Technology ETF by 4.6% during the first quarter. Sheets Smith Wealth Management now owns 1,760 shares of the company’s stock valued at $338,000 after buying an additional 77 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of SPDR NYSE Technology ETF by 3.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the company’s stock valued at $495,000 after buying an additional 82 shares in the last quarter. Finally, Pinion Investment Advisors LLC boosted its holdings in shares of SPDR NYSE Technology ETF by 102.7% in the 1st quarter. Pinion Investment Advisors LLC now owns 26,746 shares of the company’s stock valued at $5,130,000 after buying an additional 13,554 shares in the last quarter.

SPDR NYSE Technology ETF Stock Up 0.0%

NYSEARCA XNTK opened at $233.55 on Thursday. The company has a 50 day moving average price of $212.03 and a 200 day moving average price of $206.87. SPDR NYSE Technology ETF has a 52 week low of $159.43 and a 52 week high of $235.22. The firm has a market cap of $1.00 billion, a PE ratio of 31.16 and a beta of 1.32.

SPDR NYSE Technology ETF Company Profile

SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.