Silver Lake Advisory LLC Invests $560,000 in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Silver Lake Advisory LLC bought a new stake in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,870 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tortoise Investment Management LLC purchased a new stake in SPDR NYSE Technology ETF in the fourth quarter worth about $31,000. Able Wealth Management LLC bought a new stake in shares of SPDR NYSE Technology ETF during the fourth quarter valued at approximately $41,000. CWM LLC grew its stake in SPDR NYSE Technology ETF by 57.6% in the second quarter. CWM LLC now owns 832 shares of the company’s stock worth $163,000 after purchasing an additional 304 shares during the period. Richard W. Paul & Associates LLC bought a new position in SPDR NYSE Technology ETF in the second quarter worth $165,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in SPDR NYSE Technology ETF during the second quarter valued at $205,000.

SPDR NYSE Technology ETF Price Performance

NYSEARCA:XNTK opened at $198.16 on Monday. The firm’s 50-day moving average price is $185.87 and its 200-day moving average price is $185.73. The company has a market capitalization of $863.98 million, a PE ratio of 42.29 and a beta of 1.53. SPDR NYSE Technology ETF has a 1-year low of $129.48 and a 1-year high of $204.78.

SPDR NYSE Technology ETF Company 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.