Luken Investment Analytics LLC Invests $8.76 Million in SPDR NYSE Technology ETF $XNTK

Luken Investment Analytics LLC acquired a new position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,430 shares of the company’s stock, valued at approximately $8,762,000. SPDR NYSE Technology ETF comprises 3.0% of Luken Investment Analytics LLC’s investment portfolio, making the stock its 11th biggest position. Luken Investment Analytics LLC owned approximately 0.36% of SPDR NYSE Technology ETF as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in SPDR NYSE Technology ETF by 52.6% in the first quarter. Royal Bank of Canada now owns 19,737 shares of the company’s stock valued at $3,786,000 after purchasing an additional 6,800 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of SPDR NYSE Technology ETF by 351.5% during the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock valued at $35,000 after buying an additional 116 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of SPDR NYSE Technology ETF during the second 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 Down 1.9%

Shares of SPDR NYSE Technology ETF stock opened at $351.78 on Wednesday. The company has a market cap of $2.16 billion, a P/E ratio of 31.16 and a beta of 1.45. The firm’s 50 day moving average price is $357.31 and its 200-day moving average price is $324.66. SPDR NYSE Technology ETF has a 52-week low of $236.22 and a 52-week high of $392.44.

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.