Parsons Capital Management Inc. RI Sells 890 Shares of SPDR NYSE Technology ETF $XNTK

Parsons Capital Management Inc. RI lessened its position in SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,580 shares of the company’s stock after selling 890 shares during the period. Parsons Capital Management Inc. RI owned about 0.29% of SPDR NYSE Technology ETF worth $3,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC raised its holdings in shares of SPDR NYSE Technology ETF by 1.4% during the first quarter. Joseph P. Lucia & Associates LLC now owns 3,928 shares of the company’s stock valued at $753,000 after purchasing an additional 56 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in shares of SPDR NYSE Technology ETF by 4.6% during the first quarter. Sheets Smith Wealth Management now owns 1,760 shares of the company’s stock valued at $338,000 after purchasing an additional 77 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of SPDR NYSE Technology ETF by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the company’s stock valued at $495,000 after purchasing an additional 82 shares during the last quarter. Alpha Cubed Investments LLC raised its holdings in shares of SPDR NYSE Technology ETF by 9.0% during the first quarter. Alpha Cubed Investments LLC now owns 1,214 shares of the company’s stock valued at $233,000 after purchasing an additional 100 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SPDR NYSE Technology ETF by 1,050.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 138 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the last quarter.

SPDR NYSE Technology ETF Stock Up 1.8%

XNTK opened at $277.13 on Thursday. The firm has a 50 day moving average price of $249.61 and a 200-day moving average price of $224.47. SPDR NYSE Technology ETF has a twelve month low of $159.43 and a twelve month high of $277.39. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 31.16 and a beta of 1.23.

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.