Northwestern Mutual Wealth Management Co. Acquires 11,816 Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Northwestern Mutual Wealth Management Co. lifted its position in SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 17.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,674 shares of the company’s stock after purchasing an additional 11,816 shares during the period. Northwestern Mutual Wealth Management Co. owned 1.83% of SPDR NYSE Technology ETF worth $15,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SMI Advisory Services LLC bought a new stake in SPDR NYSE Technology ETF during the second quarter valued at about $5,576,000. GoalVest Advisory LLC increased its position in shares of SPDR NYSE Technology ETF by 1,151.7% in the 2nd quarter. GoalVest Advisory LLC now owns 23,782 shares of the company’s stock valued at $4,643,000 after acquiring an additional 21,882 shares during the period. Private Advisor Group LLC raised its stake in SPDR NYSE Technology ETF by 59.4% in the 1st quarter. Private Advisor Group LLC now owns 38,204 shares of the company’s stock worth $6,968,000 after acquiring an additional 14,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in SPDR NYSE Technology ETF by 297.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,786 shares of the company’s stock worth $3,668,000 after acquiring an additional 14,060 shares during the period. Finally, Pinion Investment Advisors LLC purchased a new stake in SPDR NYSE Technology ETF during the 2nd quarter valued at about $2,200,000.

SPDR NYSE Technology ETF Stock Down 0.3 %

Shares of NYSEARCA:XNTK opened at $197.53 on Tuesday. SPDR NYSE Technology ETF has a 52-week low of $129.48 and a 52-week high of $204.78. The stock has a market cap of $861.21 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The business has a 50-day moving average price of $185.87 and a 200-day moving average price of $185.76.

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.