SPDR FactSet Innovative Technology ETF $XITK Stock Holdings Reduced by Royal Bank of Canada

Royal Bank of Canada reduced its position in SPDR FactSet Innovative Technology ETF (NYSEARCA:XITK) by 63.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,491 shares of the company’s stock after selling 9,339 shares during the period. Royal Bank of Canada’s holdings in SPDR FactSet Innovative Technology ETF were worth $805,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of SPDR FactSet Innovative Technology ETF during the 2nd quarter valued at about $142,000. Wells Fargo & Company MN grew its stake in shares of SPDR FactSet Innovative Technology ETF by 2,153.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,141 shares of the company’s stock valued at $382,000 after buying an additional 2,046 shares in the last quarter. Osaic Holdings Inc. increased its holdings in SPDR FactSet Innovative Technology ETF by 72.2% in the fourth quarter. Osaic Holdings Inc. now owns 3,725 shares of the company’s stock worth $665,000 after buying an additional 1,562 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR FactSet Innovative Technology ETF by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 4,204 shares of the company’s stock worth $796,000 after buying an additional 523 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in SPDR FactSet Innovative Technology ETF by 15,685.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,840 shares of the company’s stock valued at $1,577,000 after acquiring an additional 8,784 shares in the last quarter.

SPDR FactSet Innovative Technology ETF Stock Performance

Shares of XITK opened at $201.81 on Friday. The firm has a market cap of $76.69 million, a PE ratio of 27.20 and a beta of 1.31. The firm’s 50 day moving average price is $191.60 and its 200 day moving average price is $175.40. SPDR FactSet Innovative Technology ETF has a twelve month low of $141.05 and a twelve month high of $211.23.

SPDR FactSet Innovative Technology ETF Company Profile

The SPDR FactSet Innovative Technology ETF (XITK) is an exchange-traded fund that is based on the FactSet Innovative Technology index. The fund tracks an index composed of US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. XITK was launched on Jan 13, 2016 and is managed by State Street.