Madden Advisory Services Inc. Decreases Stock Position in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Madden Advisory Services Inc. decreased its holdings in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 4.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,309 shares of the company’s stock after selling 66 shares during the period. Madden Advisory Services Inc.’s holdings in SPDR NYSE Technology ETF were worth $259,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its stake in shares of SPDR NYSE Technology ETF by 57.6% in the second quarter. CWM LLC now owns 832 shares of the company’s stock worth $163,000 after buying an additional 304 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new stake in SPDR NYSE Technology ETF during the 2nd quarter worth $165,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in SPDR NYSE Technology ETF during the 2nd quarter valued at about $205,000. Wealth Enhancement Advisory Services LLC purchased a new position in SPDR NYSE Technology ETF in the 3rd quarter worth approximately $242,000. Finally, Flynn Zito Capital Management LLC acquired a new stake in shares of SPDR NYSE Technology ETF in the second quarter valued at approximately $255,000.

SPDR NYSE Technology ETF Trading Down 0.1 %

Shares of XNTK stock opened at $196.68 on Tuesday. SPDR NYSE Technology ETF has a twelve month low of $140.10 and a twelve month high of $207.28. The company’s 50-day moving average price is $193.73 and its 200-day moving average price is $189.20. The stock has a market cap of $857.53 million, a price-to-earnings ratio of 42.29 and a beta of 1.53.

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.