PNC Financial Services Group Inc. Trims Holdings in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

PNC Financial Services Group Inc. reduced its holdings in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,942 shares of the company’s stock after selling 160 shares during the quarter. PNC Financial Services Group Inc. owned 0.37% of SPDR NYSE Technology ETF worth $3,149,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Montchanin Asset Management LLC acquired a new stake in shares of SPDR NYSE Technology ETF during the 1st quarter valued at approximately $415,000. Bright Futures Wealth Management LLC. acquired a new stake in shares of SPDR NYSE Technology ETF during the 1st quarter valued at approximately $263,000. CWM LLC raised its position in shares of SPDR NYSE Technology ETF by 57.6% during the 2nd quarter. CWM LLC now owns 832 shares of the company’s stock valued at $163,000 after acquiring an additional 304 shares in the last quarter. SMI Advisory Services LLC acquired a new stake in SPDR NYSE Technology ETF in the second quarter worth $5,576,000. Finally, Alpha Cubed Investments LLC increased its position in SPDR NYSE Technology ETF by 26.7% in the second quarter. Alpha Cubed Investments LLC now owns 1,424 shares of the company’s stock worth $278,000 after buying an additional 300 shares during the period.

SPDR NYSE Technology ETF Price Performance

Shares of NYSEARCA XNTK opened at $204.96 on Monday. SPDR NYSE Technology ETF has a 1-year low of $150.70 and a 1-year high of $208.48. The business’s fifty day moving average price is $199.50 and its two-hundred day moving average price is $192.17. The firm has a market capitalization of $893.63 million, a PE ratio of 42.29 and a beta of 1.53.

About SPDR NYSE Technology ETF

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.