SPDR NYSE Technology ETF $XNTK Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 296.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,054 shares of the company’s stock after purchasing an additional 27,711 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR NYSE Technology ETF were worth $10,087,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in XNTK. Royal Bank of Canada increased its stake in SPDR NYSE Technology ETF by 52.6% during the 1st quarter. Royal Bank of Canada now owns 19,737 shares of the company’s stock worth $3,786,000 after buying an additional 6,800 shares during the period. KPP Advisory Services LLC acquired a new stake in shares of SPDR NYSE Technology ETF during the second quarter valued at about $789,000. Auto Owners Insurance Co increased its position in shares of SPDR NYSE Technology ETF by 2.7% during the second quarter. Auto Owners Insurance Co now owns 1,520,500 shares of the company’s stock worth $360,784,000 after acquiring an additional 39,400 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of SPDR NYSE Technology ETF by 7.5% in the second quarter. Arkadios Wealth Advisors now owns 3,400 shares of the company’s stock worth $807,000 after acquiring an additional 237 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in SPDR NYSE Technology ETF in the second quarter valued at about $97,000.

SPDR NYSE Technology ETF Stock Up 1.3%

Shares of NYSEARCA XNTK opened at $269.81 on Thursday. SPDR NYSE Technology ETF has a fifty-two week low of $159.43 and a fifty-two week high of $295.79. The business has a 50 day moving average price of $279.19 and a two-hundred day moving average price of $270.94. The firm has a market cap of $1.54 billion, a PE ratio of 31.16 and a beta of 1.31.

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.