Pinion Investment Advisors LLC Has $2.66 Million Holdings in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Pinion Investment Advisors LLC raised its holdings in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,192 shares of the company’s stock after acquiring an additional 394 shares during the quarter. SPDR NYSE Technology ETF makes up approximately 1.1% of Pinion Investment Advisors LLC’s holdings, making the stock its 21st biggest position. Pinion Investment Advisors LLC’s holdings in SPDR NYSE Technology ETF were worth $2,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XNTK. Global Wealth Strategies & Associates bought a new stake in SPDR NYSE Technology ETF in the 4th quarter valued at about $81,000. Avior Wealth Management LLC bought a new stake in shares of SPDR NYSE Technology ETF during the fourth quarter worth $89,000. Activest Wealth Management bought a new stake in shares of SPDR NYSE Technology ETF during the fourth quarter worth about $121,000. Jones Financial Companies Lllp lifted its holdings in shares of SPDR NYSE Technology ETF by 21.7% during the fourth quarter. Jones Financial Companies Lllp now owns 949 shares of the company’s stock worth $191,000 after purchasing an additional 169 shares during the period. Finally, Apollon Financial LLC acquired a new stake in shares of SPDR NYSE Technology ETF in the third quarter valued at about $200,000.

SPDR NYSE Technology ETF Stock Down 2.3 %

XNTK stock opened at $201.67 on Tuesday. The company’s fifty day simple moving average is $211.82 and its 200 day simple moving average is $203.24. SPDR NYSE Technology ETF has a 12-month low of $162.85 and a 12-month high of $228.88. The firm has a market cap of $867.18 million, a price-to-earnings ratio of 34.84 and a beta of 1.23.

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.