SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) Stock Falls 6.8% – Here’s What Happened

Posted by Casey Walker on Nov 6th, 2026

SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK – Get Free Report)’s stock price fell 6.8% during mid-day trading on Thursday. The company traded as low as $175.51 and last traded at $175.51. 1,043 shares traded hands during trading, a decline of 49% from the average session volume of 2,047 shares. The stock had previously closed at $188.28.

SPDR FactSet Innovative Technology ETF Stock Down 6.8%

The firm’s 50-day simple moving average is $196.66 and its 200 day simple moving average is $180.95. The stock has a market capitalization of $59.67 million, a P/E ratio of 27.20 and a beta of 1.35.

Hedge Funds Weigh In On SPDR FactSet Innovative Technology ETF

Several hedge funds have recently made changes to their positions in XITK. Avior Wealth Management LLC bought a new stake in shares of SPDR FactSet Innovative Technology ETF in the 3rd quarter worth approximately $1,182,000. Kwmg LLC acquired a new stake in SPDR FactSet Innovative Technology ETF during the third quarter valued at approximately $872,000. Kaizen Financial Strategies lifted its stake in SPDR FactSet Innovative Technology ETF by 4.5% during the third quarter. Kaizen Financial Strategies now owns 3,464 shares of the company’s stock valued at $690,000 after purchasing an additional 150 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in SPDR FactSet Innovative Technology ETF during the third quarter worth approximately $548,000. Finally, Citadel Advisors LLC bought a new stake in SPDR FactSet Innovative Technology ETF during the second quarter worth approximately $485,000.

SPDR FactSet Innovative Technology ETF Company Profile

(Get Free Report)

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.