Auto Owners Insurance Co Grows Position in SPDR NYSE Technology ETF $XNTK

Auto Owners Insurance Co grew its position in SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 30,856.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 404,760,008 shares of the company’s stock after buying an additional 403,452,508 shares during the period. SPDR NYSE Technology ETF accounts for about 27.0% of Auto Owners Insurance Co’s portfolio, making the stock its largest position. Auto Owners Insurance Co owned approximately 7,113.53% of SPDR NYSE Technology ETF worth $112,474,711,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XNTK. Royal Bank of Canada boosted its holdings in shares of SPDR NYSE Technology ETF by 52.6% in the 1st quarter. Royal Bank of Canada now owns 19,737 shares of the company’s stock valued at $3,786,000 after buying an additional 6,800 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR NYSE Technology ETF by 351.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock valued at $35,000 after buying an additional 116 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of SPDR NYSE Technology ETF in the 2nd quarter valued at about $303,000. Raymond James Financial Inc. boosted its holdings in shares of SPDR NYSE Technology ETF by 17.6% in the 2nd quarter. Raymond James Financial Inc. now owns 8,899 shares of the company’s stock valued at $2,112,000 after buying an additional 1,333 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of SPDR NYSE Technology ETF by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 39,182 shares of the company’s stock valued at $9,295,000 after buying an additional 1,353 shares in the last quarter.

SPDR NYSE Technology ETF Stock Performance

NYSEARCA:XNTK opened at $369.05 on Friday. SPDR NYSE Technology ETF has a fifty-two week low of $223.11 and a fifty-two week high of $391.92. The stock has a market capitalization of $2.14 billion, a P/E ratio of 31.16 and a beta of 1.44. The company’s 50-day simple moving average is $326.01 and its 200-day simple moving average is $292.46.

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.