SPDR NYSE Technology ETF $XNTK Shares Acquired by Auto Owners Insurance Co

Auto Owners Insurance Co grew its holdings in SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 30,856.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 404,760,008 shares of the company’s stock after buying an additional 403,452,508 shares during the period. SPDR NYSE Technology ETF makes up 27.0% of Auto Owners Insurance Co’s holdings, making the stock its biggest holding. Auto Owners Insurance Co owned about 71.14% of SPDR NYSE Technology ETF worth $112,474,711,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. acquired a new stake in SPDR NYSE Technology ETF in the fourth quarter worth about $25,000. Allspring Global Investments Holdings LLC acquired a new stake in SPDR NYSE Technology ETF in the fourth quarter worth about $28,000. Qube Research & Technologies Ltd boosted its holdings in SPDR NYSE Technology ETF by 351.5% in the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after acquiring an additional 116 shares in the last quarter. Realta Investment Advisors boosted its holdings in SPDR NYSE Technology ETF by 41.7% in the fourth quarter. Realta Investment Advisors now owns 170 shares of the company’s stock worth $47,000 after acquiring an additional 50 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in SPDR NYSE Technology ETF during the 3rd quarter worth about $54,000.

SPDR NYSE Technology ETF Stock Performance

Shares of XNTK opened at $369.05 on Friday. The stock has a 50-day moving average of $326.01 and a two-hundred day moving average of $292.46. SPDR NYSE Technology ETF has a one year low of $223.11 and a one year high of $391.92. The stock has a market cap of $2.14 billion, a P/E ratio of 31.16 and a beta of 1.44.

About SPDR NYSE Technology ETF

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.