Bright Futures Wealth Management LLC. Invests $263,000 in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Bright Futures Wealth Management LLC. acquired a new position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,352 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Montchanin Asset Management LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the 1st quarter valued at about $415,000. Axxcess Wealth Management LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 2.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 3,060 shares of the company’s stock valued at $558,000 after purchasing an additional 60 shares during the last quarter. Joseph P. Lucia & Associates LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 16.8% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 2,875 shares of the company’s stock valued at $524,000 after purchasing an additional 414 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 59.4% in the 1st quarter. Private Advisor Group LLC now owns 38,204 shares of the company’s stock valued at $6,968,000 after purchasing an additional 14,241 shares during the last quarter. Finally, Geneva Partners LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 9.4% in the 1st quarter. Geneva Partners LLC now owns 7,708 shares of the company’s stock valued at $1,406,000 after purchasing an additional 662 shares during the last quarter.

SPDR NYSE Technology ETF Trading Down 3.4 %

Shares of SPDR NYSE Technology ETF stock traded down $6.13 on Friday, hitting $174.37. The stock had a trading volume of 27,995 shares, compared to its average volume of 19,133. The company’s 50 day moving average price is $191.77 and its 200 day moving average price is $183.02. The stock has a market cap of $760.25 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. SPDR NYSE Technology ETF has a 52-week low of $129.48 and a 52-week high of $204.78.

SPDR NYSE Technology ETF Company 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.