Raymond James Financial Inc. Invests $518,000 in SPDR Kensho Future Security ETF (NYSEARCA:FITE)

Raymond James Financial Inc. acquired a new stake in SPDR Kensho Future Security ETF (NYSEARCA:FITE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,734 shares of the company’s stock, valued at approximately $518,000. Raymond James Financial Inc. owned about 0.76% of SPDR Kensho Future Security ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. WealthCare Investment Partners LLC acquired a new stake in SPDR Kensho Future Security ETF in the 4th quarter valued at about $282,000. Hughes Financial Services LLC bought a new stake in shares of SPDR Kensho Future Security ETF in the 4th quarter worth approximately $21,585,000. Finally, LPL Financial LLC lifted its stake in 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 purchasing an additional 90,534 shares during the last quarter.

SPDR Kensho Future Security ETF Stock Performance

NYSEARCA FITE opened at $66.74 on Friday. SPDR Kensho Future Security ETF has a 1 year low of $53.86 and a 1 year high of $72.79. The business’s fifty day moving average is $62.94 and its two-hundred day moving average is $65.98. The stock has a market capitalization of $71.41 million, a P/E ratio of 27.19 and a beta of 0.94.

SPDR Kensho Future Security ETF 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.