Beacon Financial Advisory LLC Takes Position in SPDR NYSE Technology ETF $XNTK

Beacon Financial Advisory LLC acquired a new position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 851 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SPDR NYSE Technology ETF by 20.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,473 shares of the company’s stock worth $283,000 after purchasing an additional 247 shares during the period. Janney Montgomery Scott LLC boosted its stake in SPDR NYSE Technology ETF by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the company’s stock valued at $495,000 after acquiring an additional 82 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of SPDR NYSE Technology ETF by 1,050.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 138 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the last quarter. Blair William & Co. IL raised its position in shares of SPDR NYSE Technology ETF by 9.8% during the 1st quarter. Blair William & Co. IL now owns 2,019 shares of the company’s stock worth $387,000 after purchasing an additional 180 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in shares of SPDR NYSE Technology ETF in the 1st quarter worth approximately $432,000.

SPDR NYSE Technology ETF Price Performance

NYSEARCA:XNTK opened at $281.53 on Tuesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 31.16 and a beta of 1.23. The business has a 50 day simple moving average of $251.98 and a 200 day simple moving average of $226.47. SPDR NYSE Technology ETF has a 12-month low of $159.43 and a 12-month high of $284.65.

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.