Envestnet Asset Management Inc. Raises Holdings in SPDR NYSE Technology ETF $XNTK

Envestnet Asset Management Inc. lifted its holdings in SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 296.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,054 shares of the company’s stock after buying an additional 27,711 shares during the quarter. Envestnet Asset Management Inc. owned 0.71% of SPDR NYSE Technology ETF worth $10,087,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SoundView Advisors Inc. purchased a new position in shares of SPDR NYSE Technology ETF in the 3rd quarter valued at about $357,706,000. New Harbor Financial Group LLC grew its position in SPDR NYSE Technology ETF by 72.7% during the second quarter. New Harbor Financial Group LLC now owns 99,932 shares of the company’s stock worth $23,712,000 after buying an additional 42,078 shares during the period. Auto Owners Insurance Co increased its holdings in SPDR NYSE Technology ETF by 2.7% in the second quarter. Auto Owners Insurance Co now owns 1,520,500 shares of the company’s stock valued at $360,784,000 after buying an additional 39,400 shares in the last quarter. Prostatis Group LLC acquired a new stake in shares of SPDR NYSE Technology ETF during the 3rd quarter valued at approximately $10,203,000. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of SPDR NYSE Technology ETF during the 3rd quarter worth approximately $5,156,000.

SPDR NYSE Technology ETF Price Performance

XNTK opened at $269.81 on Thursday. SPDR NYSE Technology ETF has a 1-year low of $159.43 and a 1-year high of $295.79. The stock has a market cap of $1.54 billion, a P/E ratio of 31.16 and a beta of 1.31. The stock’s 50 day simple moving average is $279.19 and its 200 day simple moving average is $270.94.

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.