NWF Advisory Services Inc. acquired a new position in SPDR NYSE Technology ETF (NYSEARCA:XNTK – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,859 shares of the company’s stock, valued at approximately $3,070,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Auto Owners Insurance Co lifted its stake in SPDR NYSE Technology ETF by 30,856.8% in the fourth quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock valued at $112,474,711,000 after acquiring an additional 403,452,508 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of SPDR NYSE Technology ETF during the 1st quarter worth $67,526,000. AlTi Global Inc. raised its holdings in shares of SPDR NYSE Technology ETF by 697.7% during the 1st quarter. AlTi Global Inc. now owns 106,824 shares of the company’s stock valued at $27,270,000 after purchasing an additional 93,433 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of SPDR NYSE Technology ETF by 35.1% during the 4th quarter. Wells Fargo & Company MN now owns 193,410 shares of the company’s stock valued at $53,745,000 after purchasing an additional 50,254 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of SPDR NYSE Technology ETF by 23.6% in the 4th quarter. LPL Financial LLC now owns 254,253 shares of the company’s stock valued at $70,652,000 after purchasing an additional 48,595 shares during the last quarter.
SPDR NYSE Technology ETF Trading Up 1.3%
Shares of NYSEARCA:XNTK opened at $356.17 on Friday. The stock has a market capitalization of $2.19 billion, a PE ratio of 31.16 and a beta of 1.45. SPDR NYSE Technology ETF has a 1 year low of $239.50 and a 1 year high of $392.44. The firm has a fifty day moving average price of $356.58 and a 200 day moving average price of $325.89.
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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