Cherry Tree Wealth Management LLC acquired a new position in SPDR NYSE Technology ETF (NYSEARCA:XNTK – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,714 shares of the company’s stock, valued at approximately $670,000.
A number of other hedge funds have also added to or reduced their stakes in XNTK. Ashton Thomas Securities LLC acquired a new position in SPDR NYSE Technology ETF during the first quarter valued at approximately $41,000. Integrity Financial Corp WA bought a new stake in SPDR NYSE Technology ETF during the second quarter worth $45,000. Fifth Third Bancorp bought a new stake in SPDR NYSE Technology ETF during the first quarter worth $58,000. REAP Financial Group LLC acquired a new stake in SPDR NYSE Technology ETF in the fourth quarter valued at $70,000. Finally, Beacon Investment Advisory Services Inc. lifted its stake in SPDR NYSE Technology ETF by 55.3% in the second quarter. Beacon Investment Advisory Services Inc. now owns 191 shares of the company’s stock valued at $75,000 after acquiring an additional 68 shares during the last quarter.
SPDR NYSE Technology ETF Stock Up 0.1%
Shares of XNTK stock traded up $0.37 on Tuesday, reaching $355.08. The stock had a trading volume of 12,128 shares, compared to its average volume of 48,923. SPDR NYSE Technology ETF has a 12 month low of $242.73 and a 12 month high of $392.44. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45. The firm’s 50-day moving average is $354.76 and its two-hundred day moving average is $330.47.
SPDR NYSE Technology ETF Company 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.
Further Reading
- Five stocks we like better than SPDR NYSE Technology ETF
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
- Cashing in on the Qubit: NVIDIA Takes the Quantum Leap
- Ready to Rumble: Anthropic Rings the AI Bell
- Breaking Down the Impact of the CHIPS Funding Deal for Quantum Firms
Want to see what other hedge funds are holding XNTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR NYSE Technology ETF (NYSEARCA:XNTK – Free Report).
Receive News & Ratings for SPDR NYSE Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR NYSE Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
