Foundations Investment Advisors LLC Sells 1,245 Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Foundations Investment Advisors LLC reduced its position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 30.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,901 shares of the company’s stock after selling 1,245 shares during the quarter. Foundations Investment Advisors LLC owned 0.07% of SPDR NYSE Technology ETF worth $573,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. SMI Advisory Services LLC purchased a new stake in shares of SPDR NYSE Technology ETF during the second quarter valued at approximately $5,576,000. GoalVest Advisory LLC increased its holdings 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 worth $4,643,000 after purchasing an additional 21,882 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of SPDR NYSE Technology ETF by 59.4% in the first quarter. Private Advisor Group LLC now owns 38,204 shares of the company’s stock worth $6,968,000 after purchasing an additional 14,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of SPDR NYSE Technology ETF by 297.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 18,786 shares of the company’s stock valued at $3,668,000 after purchasing an additional 14,060 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SPDR NYSE Technology ETF by 17.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79,674 shares of the company’s stock valued at $15,557,000 after purchasing an additional 11,816 shares in the last quarter.

SPDR NYSE Technology ETF Stock Performance

NYSEARCA XNTK opened at $200.21 on Friday. SPDR NYSE Technology ETF has a one year low of $129.48 and a one year high of $207.28. The stock has a 50-day moving average of $192.85 and a 200 day moving average of $188.20. The company has a market capitalization of $872.92 million, a price-to-earnings ratio of 42.29 and a beta of 1.53.

SPDR NYSE Technology ETF 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.