Royal Bank of Canada Has $805,000 Stake in SPDR FactSet Innovative Technology ETF $XITK

Royal Bank of Canada trimmed its position in shares of SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) by 63.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,491 shares of the company’s stock after selling 9,339 shares during the period. Royal Bank of Canada owned 1.57% of SPDR FactSet Innovative Technology ETF worth $805,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in XITK. Harbour Wealth Management Group Inc. acquired a new stake in shares of SPDR FactSet Innovative Technology ETF in the fourth quarter worth $3,503,000. Osaic Holdings Inc. raised its position in SPDR FactSet Innovative Technology ETF by 72.2% during the fourth quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock valued at $665,000 after buying an additional 1,562 shares during the period. Wells Fargo & Company MN lifted its stake in SPDR FactSet Innovative Technology ETF by 2,153.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock worth $382,000 after acquiring an additional 2,046 shares in the last quarter. LPL Financial LLC lifted its stake in SPDR FactSet Innovative Technology ETF by 5.1% in the 4th quarter. LPL Financial LLC now owns 31,121 shares of the company’s stock worth $5,553,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in SPDR FactSet Innovative Technology ETF by 15,685.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock worth $1,577,000 after acquiring an additional 8,784 shares in the last quarter.

SPDR FactSet Innovative Technology ETF Trading Up 0.6%

Shares of NYSEARCA XITK opened at $201.81 on Friday. SPDR FactSet Innovative Technology ETF has a one year low of $141.05 and a one year high of $211.23. The business has a 50-day moving average price of $191.60 and a two-hundred day moving average price of $175.40. The firm has a market capitalization of $76.69 million, a PE ratio of 27.20 and a beta of 1.31.

About SPDR FactSet Innovative Technology ETF

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.