Global Wealth Strategies & Associates Invests $81,000 in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Global Wealth Strategies & Associates acquired a new stake in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 400 shares of the company’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Apollon Financial LLC bought a new position in SPDR NYSE Technology ETF during the 3rd quarter valued at $200,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in SPDR NYSE Technology ETF during the second quarter valued at about $205,000. Wealth Enhancement Advisory Services LLC acquired a new position in SPDR NYSE Technology ETF during the third quarter worth about $242,000. FMR LLC raised its position in SPDR NYSE Technology ETF by 15.2% in the third quarter. FMR LLC now owns 1,283 shares of the company’s stock worth $253,000 after acquiring an additional 169 shares in the last quarter. Finally, Flynn Zito Capital Management LLC acquired a new stake in SPDR NYSE Technology ETF in the 2nd quarter valued at about $255,000.

SPDR NYSE Technology ETF Stock Performance

Shares of NYSEARCA:XNTK traded down $0.64 during trading hours on Thursday, hitting $201.18. 11,351 shares of the company’s stock traded hands, compared to its average volume of 14,696. The company has a market cap of $877.14 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 $156.52 and a 52 week high of $214.47. The company’s fifty day simple moving average is $205.60 and its two-hundred day simple moving average is $196.52.

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.