Independent Advisor Alliance Makes New $939,000 Investment in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Independent Advisor Alliance acquired a new position in SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,654 shares of the company’s stock, valued at approximately $939,000. Independent Advisor Alliance owned 0.11% of SPDR NYSE Technology ETF at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Global Wealth Strategies & Associates bought a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter worth approximately $81,000. Avior Wealth Management LLC bought a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter worth approximately $89,000. Activest Wealth Management bought a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter worth approximately $121,000. Jones Financial Companies Lllp lifted its position in shares of SPDR NYSE Technology ETF by 21.7% in the 4th quarter. Jones Financial Companies Lllp now owns 949 shares of the company’s stock worth $191,000 after acquiring an additional 169 shares during the period. Finally, Fortitude Family Office LLC bought a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter worth approximately $202,000.

SPDR NYSE Technology ETF Trading Up 3.6 %

Shares of XNTK stock opened at $199.46 on Friday. The company has a market capitalization of $857.68 million, a P/E ratio of 28.86 and a beta of 1.27. SPDR NYSE Technology ETF has a 12 month low of $162.85 and a 12 month high of $228.88. The stock has a 50 day moving average of $210.35 and a two-hundred day moving average of $203.61.

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.