4,654 Shares in SPDR NYSE Technology ETF (NYSEARCA:XNTK) Acquired by Independent Advisor Alliance

Independent Advisor Alliance bought a new position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,654 shares of the company’s stock, valued at approximately $939,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GoalVest Advisory LLC raised its position in SPDR NYSE Technology ETF by 2.0% in the 4th quarter. GoalVest Advisory LLC now owns 26,786 shares of the company’s stock valued at $5,406,000 after purchasing an additional 526 shares during the last quarter. Pinion Investment Advisors LLC raised its position in SPDR NYSE Technology ETF by 3.1% in the 4th quarter. Pinion Investment Advisors LLC now owns 13,192 shares of the company’s stock valued at $2,662,000 after purchasing an additional 394 shares during the last quarter. SFG Wealth Management LLC. raised its position in SPDR NYSE Technology ETF by 3.7% in the 4th quarter. SFG Wealth Management LLC. now owns 13,175 shares of the company’s stock valued at $2,659,000 after purchasing an additional 465 shares during the last quarter. Gentry Private Wealth LLC raised its position in SPDR NYSE Technology ETF by 6.7% in the 3rd quarter. Gentry Private Wealth LLC now owns 9,525 shares of the company’s stock valued at $1,881,000 after purchasing an additional 598 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in SPDR NYSE Technology ETF in the 4th quarter valued at $1,538,000.

SPDR NYSE Technology ETF Stock Performance

Shares of XNTK opened at $199.46 on Friday. The stock has a fifty day moving average price of $210.35 and a two-hundred day moving average price of $203.61. SPDR NYSE Technology ETF has a 52-week low of $162.85 and a 52-week high of $228.88. The company has a market cap of $857.68 million, a price-to-earnings ratio of 28.86 and a beta of 1.27.

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.