Envestnet Asset Management Inc. Trims Position in SPDR Kensho Future Security ETF (NYSEARCA:FITE)

Envestnet Asset Management Inc. lessened its holdings in shares of SPDR Kensho Future Security ETF (NYSEARCA:FITE) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,124 shares of the company’s stock after selling 9,247 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.29% of SPDR Kensho Future Security ETF worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WealthCare Investment Partners LLC bought a new position in SPDR Kensho Future Security ETF in the 4th quarter worth $282,000. Raymond James Financial Inc. purchased a new position in shares of SPDR Kensho Future Security ETF during the fourth quarter valued at about $518,000. LPL Financial LLC increased its position in shares of SPDR Kensho Future Security ETF by 88.1% during the fourth quarter. LPL Financial LLC now owns 193,256 shares of the company’s stock valued at $12,944,000 after buying an additional 90,534 shares during the period. Finally, Hughes Financial Services LLC bought a new position in SPDR Kensho Future Security ETF in the fourth quarter worth about $21,585,000.

SPDR Kensho Future Security ETF Stock Performance

SPDR Kensho Future Security ETF stock opened at $64.53 on Friday. SPDR Kensho Future Security ETF has a fifty-two week low of $53.86 and a fifty-two week high of $72.79. The stock’s 50 day simple moving average is $62.88 and its two-hundred day simple moving average is $65.90. The stock has a market cap of $69.05 million, a price-to-earnings ratio of 27.19 and a beta of 0.94.

SPDR Kensho Future Security ETF Company Profile

The SPDR S&P Kensho Future Security ETF (FITE) is an exchange-traded fund that is based on the S&P Kensho Future Security index. The fund tracks an index of US stocks supporting technological innovations in future military and security applications. FITE was launched on Dec 26, 2017 and is managed by State Street.