SPDR NYSE Technology ETF $XNTK Shares Purchased by Auto Owners Insurance Co

Auto Owners Insurance Co raised its stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,520,500 shares of the company’s stock after acquiring an additional 39,400 shares during the quarter. SPDR NYSE Technology ETF comprises approximately 8.0% of Auto Owners Insurance Co’s investment portfolio, making the stock its 3rd biggest holding. Auto Owners Insurance Co owned approximately 30.23% of SPDR NYSE Technology ETF worth $360,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Joseph P. Lucia & Associates LLC increased its position in SPDR NYSE Technology ETF by 1.4% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 3,928 shares of the company’s stock valued at $753,000 after acquiring an additional 56 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of SPDR NYSE Technology ETF by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the company’s stock worth $495,000 after buying an additional 82 shares during the period. Alpha Cubed Investments LLC grew its position in shares of SPDR NYSE Technology ETF by 9.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 1,214 shares of the company’s stock worth $233,000 after buying an additional 100 shares during the period. Apollon Financial LLC grew its position in shares of SPDR NYSE Technology ETF by 4.4% during the 2nd quarter. Apollon Financial LLC now owns 2,600 shares of the company’s stock worth $617,000 after buying an additional 110 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of SPDR NYSE Technology ETF by 1,050.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 138 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the period.

SPDR NYSE Technology ETF Price Performance

Shares of NYSEARCA:XNTK opened at $293.00 on Wednesday. SPDR NYSE Technology ETF has a one year low of $159.43 and a one year high of $294.35. The company has a 50 day moving average of $264.74 and a 200-day moving average of $236.97. The stock has a market cap of $1.51 billion, a price-to-earnings 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.