Global Assets Advisory LLC Invests $67.53 Million in SPDR NYSE Technology ETF $XNTK

Global Assets Advisory LLC purchased a new position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the first quarter, HoldingsChannel.com reports. The fund purchased 264,517 shares of the company’s stock, valued at approximately $67,526,000. SPDR NYSE Technology ETF makes up about 16.1% of Global Assets Advisory LLC’s investment portfolio, making the stock its biggest position.

Other large investors have also bought and sold shares of the company. IFC & Insurance Marketing Inc. bought a new stake in shares of SPDR NYSE Technology ETF during the 4th quarter valued at $25,000. Allspring Global Investments Holdings LLC bought a new position in shares of SPDR NYSE Technology ETF in the 4th quarter worth $28,000. Qube Research & Technologies Ltd grew its stake in shares of SPDR NYSE Technology ETF by 351.5% during the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after purchasing an additional 116 shares during the period. Realta Investment Advisors increased its holdings in SPDR NYSE Technology ETF by 41.7% in the fourth quarter. Realta Investment Advisors now owns 170 shares of the company’s stock valued at $47,000 after purchasing an additional 50 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in SPDR NYSE Technology ETF in the first quarter valued at about $58,000.

SPDR NYSE Technology ETF Stock Performance

XNTK traded down $1.43 during midday trading on Friday, reaching $368.86. 33,900 shares of the company were exchanged, compared to its average volume of 47,217. The stock has a market capitalization of $2.22 billion, a P/E ratio of 31.16 and a beta of 1.43. SPDR NYSE Technology ETF has a one year low of $230.00 and a one year high of $392.44. The stock’s 50-day simple moving average is $360.21 and its 200 day simple moving average is $305.89.

SPDR NYSE Technology ETF Profile

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.