Moloney Securities Asset Management LLC Trims Stock Position in SPDR FactSet Innovative Technology ETF $XITK

Moloney Securities Asset Management LLC decreased its holdings in SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) by 39.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,446 shares of the company’s stock after selling 925 shares during the quarter. Moloney Securities Asset Management LLC owned 0.31% of SPDR FactSet Innovative Technology ETF worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XITK. WESPAC Advisors LLC bought a new position in SPDR FactSet Innovative Technology ETF in the second quarter worth approximately $664,000. Cambridge Investment Research Advisors Inc. raised its holdings in SPDR FactSet Innovative Technology ETF by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,280 shares of the company’s stock worth $525,000 after purchasing an additional 511 shares during the period. Finally, Harbor Asset Planning Inc. purchased a new position in SPDR FactSet Innovative Technology ETF during the second quarter valued at $36,000.

SPDR FactSet Innovative Technology ETF Trading Up 0.8%

Shares of NYSEARCA:XITK opened at $191.58 on Friday. The company has a market cap of $88.13 million, a PE ratio of 27.20 and a beta of 1.14. SPDR FactSet Innovative Technology ETF has a 12-month low of $138.01 and a 12-month high of $196.86. The stock has a 50 day moving average of $188.60 and a 200 day moving average of $181.31.

SPDR FactSet Innovative Technology ETF Company Profile

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.