SFG Wealth Management LLC. Grows Stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

SFG Wealth Management LLC. grew its position in SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,710 shares of the company’s stock after purchasing an additional 80 shares during the quarter. SPDR NYSE Technology ETF makes up 1.3% of SFG Wealth Management LLC.’s portfolio, making the stock its 15th biggest position. SFG Wealth Management LLC.’s holdings in SPDR NYSE Technology ETF were worth $2,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in XNTK. CWM LLC lifted its holdings in SPDR NYSE Technology ETF by 57.6% during the second quarter. CWM LLC now owns 832 shares of the company’s stock worth $163,000 after buying an additional 304 shares during the period. Richard W. Paul & Associates LLC purchased a new stake in shares of SPDR NYSE Technology ETF during the 2nd quarter worth $165,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in SPDR NYSE Technology ETF during the second quarter valued at about $205,000. Wealth Enhancement Advisory Services LLC purchased a new position in SPDR NYSE Technology ETF in the third quarter valued at about $242,000. Finally, Flynn Zito Capital Management LLC bought a new position in SPDR NYSE Technology ETF in the second quarter worth about $255,000.

SPDR NYSE Technology ETF Stock Down 0.6 %

Shares of NYSEARCA XNTK traded down $1.17 during trading hours on Friday, hitting $206.63. 1,506 shares of the stock were exchanged, compared to its average volume of 15,702. SPDR NYSE Technology ETF has a 12 month low of $142.52 and a 12 month high of $207.80. The firm has a fifty day moving average price of $194.78 and a 200-day moving average price of $189.65. The company has a market cap of $900.91 million, a PE ratio of 42.29 and a beta of 1.53.

SPDR NYSE Technology ETF 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.