Independent Wealth Network Inc. Takes Position in SPDR NYSE Technology ETF $XNTK

Independent Wealth Network Inc. bought a new stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,430 shares of the company’s stock, valued at approximately $876,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors acquired a new stake in SPDR NYSE Technology ETF during the fourth quarter worth $273,000. Auto Owners Insurance Co raised its stake in shares of SPDR NYSE Technology ETF by 30,856.8% in the 4th quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock valued at $112,474,711,000 after buying an additional 403,452,508 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of SPDR NYSE Technology ETF by 20.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,186 shares of the company’s stock valued at $607,000 after buying an additional 366 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of SPDR NYSE Technology ETF during the 4th quarter worth about $1,298,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 551.1% during the 4th quarter. NewEdge Advisors LLC now owns 879 shares of the company’s stock worth $244,000 after acquiring an additional 744 shares during the period.

SPDR NYSE Technology ETF Stock Performance

Shares of SPDR NYSE Technology ETF stock opened at $376.42 on Friday. The firm has a market cap of $2.19 billion, a P/E ratio of 31.16 and a beta of 1.44. The firm’s 50-day simple moving average is $345.23 and its 200-day simple moving average is $299.04. SPDR NYSE Technology ETF has a twelve month low of $230.00 and a twelve month high of $391.92.

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.