Moloney Securities Asset Management LLC reduced its position in shares of SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK – Free Report) by 39.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,446 shares of the company’s stock after selling 925 shares during the period. Moloney Securities Asset Management LLC’s holdings in SPDR FactSet Innovative Technology ETF were worth $274,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of SPDR FactSet Innovative Technology ETF by 18.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,280 shares of the company’s stock worth $525,000 after acquiring an additional 511 shares during the last quarter. WESPAC Advisors LLC purchased a new position in SPDR FactSet Innovative Technology ETF in the 2nd quarter valued at $664,000. Finally, Harbor Asset Planning Inc. purchased a new position in SPDR FactSet Innovative Technology ETF in the 2nd quarter valued at $36,000.
SPDR FactSet Innovative Technology ETF Stock Up 0.8%
SPDR FactSet Innovative Technology ETF stock opened at $191.58 on Friday. SPDR FactSet Innovative Technology ETF has a 52-week low of $138.01 and a 52-week high of $196.86. The firm has a market capitalization of $88.13 million, a price-to-earnings ratio of 27.20 and a beta of 1.14. The company has a fifty day simple moving average of $188.60 and a 200-day simple moving average of $181.31.
SPDR FactSet Innovative Technology ETF Company Profile
The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.
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