Envestnet Asset Management Inc. Sells 6,368 Shares of SPDR Kensho Future Security ETF (NYSEARCA:FITE)

Envestnet Asset Management Inc. decreased its holdings in shares of SPDR Kensho Future Security ETF (NYSEARCA:FITE) by 48.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,756 shares of the company’s stock after selling 6,368 shares during the quarter. Envestnet Asset Management Inc. owned about 0.63% of SPDR Kensho Future Security ETF worth $424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Frederick Financial Consultants LLC bought a new stake in SPDR Kensho Future Security ETF in the fourth quarter worth about $10,083,000. WealthBridge Capital Management LLC boosted its stake in SPDR Kensho Future Security ETF by 5.9% in the first quarter. WealthBridge Capital Management LLC now owns 10,696 shares of the company’s stock valued at $672,000 after acquiring an additional 600 shares in the last quarter. WealthCare Investment Partners LLC boosted its holdings in SPDR Kensho Future Security ETF by 87.9% in the first quarter. WealthCare Investment Partners LLC now owns 7,897 shares of the company’s stock worth $465,000 after acquiring an additional 3,694 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR Kensho Future Security ETF in the fourth quarter worth $518,000. Finally, Freedom Investment Management Inc. increased its holdings in shares of SPDR Kensho Future Security ETF by 8.3% in the fourth quarter. Freedom Investment Management Inc. now owns 6,196 shares of the company’s stock valued at $415,000 after purchasing an additional 474 shares during the period.

SPDR Kensho Future Security ETF Price Performance

FITE stock opened at $77.65 on Thursday. SPDR Kensho Future Security ETF has a 12 month low of $53.86 and a 12 month high of $78.71. The company has a market capitalization of $78.43 million, a P/E ratio of 29.07 and a beta of 0.98. The firm’s fifty day simple moving average is $74.83 and its 200-day simple moving average is $68.99.

About SPDR Kensho Future Security ETF

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.