Lido Advisors LLC Invests $507,000 in SPDR NYSE Technology ETF $XNTK

Lido Advisors LLC purchased a new stake in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,987 shares of the company’s stock, valued at approximately $507,000.

Other hedge funds have also recently modified their holdings of the company. Pinion Investment Advisors LLC increased 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 acquiring an additional 1,911 shares during the last quarter. Gentry Private Wealth LLC raised its stake in SPDR NYSE Technology ETF by 42.0% in the 4th quarter. Gentry Private Wealth LLC now owns 17,574 shares of the company’s stock valued at $4,883,000 after acquiring an additional 5,200 shares during the period. UBS Group AG lifted its holdings in SPDR NYSE Technology ETF by 63.2% during 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 last quarter. Elevation Capital Advisory LLC bought a new position in SPDR NYSE Technology ETF during the fourth quarter worth about $722,000. Finally, Aurora Private Wealth Inc. bought a new position in SPDR NYSE Technology ETF during the fourth quarter worth about $995,000.

SPDR NYSE Technology ETF Trading Up 5.7%

XNTK opened at $335.90 on Friday. The company has a 50 day moving average of $362.81 and a 200 day moving average of $312.14. The company has a market cap of $2.07 billion, a PE ratio of 31.16 and a beta of 1.43. SPDR NYSE Technology ETF has a 12 month low of $230.00 and a 12 month high of $392.44.

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.