Raymond James Financial Inc. Buys Shares of 7,620 SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Raymond James Financial Inc. purchased a new position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,620 shares of the company’s stock, valued at approximately $1,538,000. Raymond James Financial Inc. owned approximately 0.17% of SPDR NYSE Technology ETF at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates acquired a new stake in SPDR NYSE Technology ETF during the fourth quarter worth approximately $81,000. Avior Wealth Management LLC purchased a new position in shares of SPDR NYSE Technology ETF during the 4th quarter worth $89,000. Activest Wealth Management acquired a new stake in shares of SPDR NYSE Technology ETF during the fourth quarter worth $121,000. Jones Financial Companies Lllp grew its position in shares of SPDR NYSE Technology ETF by 21.7% in the fourth quarter. Jones Financial Companies Lllp now owns 949 shares of the company’s stock valued at $191,000 after purchasing an additional 169 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in SPDR NYSE Technology ETF in the fourth quarter valued at $202,000.

SPDR NYSE Technology ETF Trading Up 1.0 %

Shares of NYSEARCA:XNTK opened at $193.74 on Wednesday. The firm has a market cap of $833.08 million, a price-to-earnings ratio of 28.85 and a beta of 1.27. The stock’s 50-day moving average price is $208.68 and its two-hundred day moving average price is $205.10. SPDR NYSE Technology ETF has a 12-month low of $162.85 and a 12-month high of $228.88.

SPDR NYSE Technology ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a $0.1046 dividend. The ex-dividend date was Monday, March 24th.

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.