Luken Investment Analytics LLC purchased a new stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 22,430 shares of the company’s stock, valued at approximately $8,762,000. SPDR NYSE Technology ETF makes up about 3.0% of Luken Investment Analytics LLC’s portfolio, making the stock its 11th biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new stake in shares of SPDR NYSE Technology ETF during the fourth quarter worth about $25,000. Qube Research & Technologies Ltd boosted its stake in SPDR NYSE Technology ETF by 351.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after purchasing an additional 116 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR NYSE Technology ETF in the 1st quarter worth approximately $41,000. Fifth Third Bancorp purchased a new stake in SPDR NYSE Technology ETF during the 1st quarter worth approximately $58,000. Finally, REAP Financial Group LLC purchased a new stake in SPDR NYSE Technology ETF during the 4th quarter worth approximately $70,000.
SPDR NYSE Technology ETF Trading Down 1.9%
Shares of SPDR NYSE Technology ETF stock opened at $351.78 on Wednesday. SPDR NYSE Technology ETF has a 12-month low of $236.22 and a 12-month high of $392.44. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45. The firm’s 50 day simple moving average is $357.31 and its two-hundred day simple moving average is $324.66.
SPDR NYSE Technology ETF 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.
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