Prostatis Group LLC Takes $10.20 Million Position in SPDR NYSE Technology ETF $XNTK

Prostatis Group LLC purchased a new position in SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,479 shares of the company’s stock, valued at approximately $10,203,000. SPDR NYSE Technology ETF makes up 2.6% of Prostatis Group LLC’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XNTK. SoundView Advisors Inc. acquired a new stake in SPDR NYSE Technology ETF during the third quarter valued at approximately $357,706,000. New Harbor Financial Group LLC lifted its position in shares of SPDR NYSE Technology ETF by 72.7% during the 2nd quarter. New Harbor Financial Group LLC now owns 99,932 shares of the company’s stock worth $23,712,000 after buying an additional 42,078 shares during the period. Auto Owners Insurance Co lifted its position in shares of SPDR NYSE Technology ETF by 2.7% during the 2nd quarter. Auto Owners Insurance Co now owns 1,520,500 shares of the company’s stock worth $360,784,000 after buying an additional 39,400 shares during the period. HBK Sorce Advisory LLC acquired a new stake in SPDR NYSE Technology ETF in the 3rd quarter valued at $5,156,000. Finally, GoalVest Advisory LLC grew its position in SPDR NYSE Technology ETF by 36.8% in the third quarter. GoalVest Advisory LLC now owns 37,138 shares of the company’s stock valued at $10,110,000 after acquiring an additional 9,982 shares during the period.

SPDR NYSE Technology ETF Price Performance

SPDR NYSE Technology ETF stock opened at $281.68 on Monday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 31.16 and a beta of 1.31. The stock has a fifty day moving average price of $281.35 and a two-hundred day moving average price of $268.31. SPDR NYSE Technology ETF has a 52-week low of $159.43 and a 52-week high of $295.79.

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.