Independent Wealth Network Inc. Buys Shares of 3,430 SPDR NYSE Technology ETF $XNTK

Independent Wealth Network Inc. purchased a new position in SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,430 shares of the company’s stock, valued at approximately $876,000. Independent Wealth Network Inc. owned about 0.06% of SPDR NYSE Technology ETF at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in XNTK. Pinion Investment Advisors LLC lifted its holdings in SPDR NYSE Technology ETF by 10.1% in the 4th quarter. Pinion Investment Advisors LLC now owns 20,823 shares of the company’s stock worth $5,786,000 after purchasing an additional 1,911 shares during the last quarter. Gentry Private Wealth LLC grew its holdings in SPDR NYSE Technology ETF by 42.0% during the fourth quarter. Gentry Private Wealth LLC now owns 17,574 shares of the company’s stock valued at $4,883,000 after purchasing an additional 5,200 shares during the last quarter. Elevation Capital Advisory LLC acquired a new position in SPDR NYSE Technology ETF during the fourth quarter valued at approximately $722,000. Aurora Private Wealth Inc. bought a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at approximately $995,000. Finally, UBS Group AG raised its position in shares of SPDR NYSE Technology ETF by 63.2% in the fourth quarter. UBS Group AG now owns 75,060 shares of the company’s stock valued at $20,858,000 after purchasing an additional 29,074 shares during the period.

SPDR NYSE Technology ETF Trading Up 2.4%

Shares of SPDR NYSE Technology ETF stock opened at $376.42 on Friday. The firm has a fifty day simple moving average of $345.23 and a 200-day simple moving average of $299.04. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 31.16 and a beta of 1.44. SPDR NYSE Technology ETF has a 1-year low of $230.00 and a 1-year high of $391.92.

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.