Raymond James Financial Services Advisors Inc. cut its holdings in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,629 shares of the company’s stock after selling 555 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.10% of SPDR NYSE Technology ETF worth $335,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in SPDR NYSE Technology ETF by 259.4% during the fourth quarter. IFP Advisors Inc now owns 496 shares of the company’s stock valued at $29,000 after purchasing an additional 358 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in SPDR NYSE Technology ETF during the fourth quarter valued at approximately $85,000. Bronfman E.L. Rothschild L.P. acquired a new stake in SPDR NYSE Technology ETF during the third quarter valued at approximately $128,000. FMR LLC acquired a new stake in SPDR NYSE Technology ETF during the third quarter valued at approximately $160,000. Finally, Macroview Investment Management LLC acquired a new stake in SPDR NYSE Technology ETF during the fourth quarter valued at approximately $166,000.
XNTK stock traded down $0.20 on Wednesday, hitting $75.59. 34,639 shares of the company’s stock traded hands, compared to its average volume of 31,844. SPDR NYSE Technology ETF has a 1-year low of $53.99 and a 1-year high of $98.30.
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.
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