Pinion Investment Advisors LLC Invests $2.20 Million in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Pinion Investment Advisors LLC purchased a new stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,267 shares of the company’s stock, valued at approximately $2,200,000. SPDR NYSE Technology ETF comprises 1.1% of Pinion Investment Advisors LLC’s investment portfolio, making the stock its 16th largest position.

A number of other hedge funds have also recently bought and sold shares of XNTK. Axxcess Wealth Management LLC boosted its stake in shares of SPDR NYSE Technology ETF by 2.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 3,060 shares of the company’s stock valued at $558,000 after buying an additional 60 shares during the last quarter. SFG Wealth Management LLC. boosted its stake in SPDR NYSE Technology ETF by 1.1% during the 1st quarter. SFG Wealth Management LLC. now owns 12,326 shares of the company’s stock valued at $2,248,000 after acquiring an additional 129 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in SPDR NYSE Technology ETF by 12.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,577 shares of the company’s stock worth $259,000 after acquiring an additional 175 shares in the last quarter. Tortoise Investment Management LLC acquired a new position in SPDR NYSE Technology ETF during the 4th quarter worth $34,000. Finally, Able Wealth Management LLC bought a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter worth about $41,000.

SPDR NYSE Technology ETF Stock Performance

Shares of SPDR NYSE Technology ETF stock opened at $188.19 on Friday. The firm has a market cap of $820.49 million, a PE ratio of 42.29 and a beta of 1.53. SPDR NYSE Technology ETF has a 1 year low of $129.48 and a 1 year high of $204.78. The firm’s 50-day simple moving average is $187.01 and its 200-day simple moving average is $184.94.

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.