HBK Sorce Advisory LLC Takes $5.16 Million Position in SPDR NYSE Technology ETF $XNTK

HBK Sorce Advisory LLC acquired a new stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the third quarter, Holdings Channel.com reports. The firm acquired 18,198 shares of the company’s stock, valued at approximately $5,156,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SoundView Advisors Inc. purchased a new stake in SPDR NYSE Technology ETF in the 3rd quarter worth approximately $357,706,000. Natural Investments LLC bought a new position in shares of SPDR NYSE Technology ETF in the third quarter worth $1,047,000. LVM Capital Management Ltd. MI raised its position in shares of SPDR NYSE Technology ETF by 5.5% in the third quarter. LVM Capital Management Ltd. MI now owns 2,953 shares of the company’s stock worth $804,000 after buying an additional 154 shares in the last quarter. Osaic Holdings Inc. boosted its stake in SPDR NYSE Technology ETF by 3.6% during the second quarter. Osaic Holdings Inc. now owns 6,955 shares of the company’s stock valued at $1,651,000 after buying an additional 239 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in SPDR NYSE Technology ETF during the second quarter valued at $306,000.

SPDR NYSE Technology ETF Stock Up 0.6%

Shares of NYSEARCA XNTK opened at $281.04 on Tuesday. The stock’s 50-day simple moving average is $279.18 and its two-hundred day simple moving average is $257.70. SPDR NYSE Technology ETF has a twelve month low of $159.43 and a twelve month high of $295.79. The firm has a market capitalization of $1.47 billion, a P/E ratio of 31.16 and a beta of 1.31.

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.