Peapack Gladstone Financial Corp Reduces Stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Peapack Gladstone Financial Corp cut its stake in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) by 7.0% during the third quarter, HoldingsChannel reports. The firm owned 7,667 shares of the company’s stock after selling 574 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in SPDR NYSE Technology ETF were worth $1,515,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of XNTK. GoalVest Advisory LLC boosted its stake in shares of SPDR NYSE Technology ETF by 1,151.7% during the 2nd quarter. GoalVest Advisory LLC now owns 23,782 shares of the company’s stock worth $4,643,000 after purchasing an additional 21,882 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of SPDR NYSE Technology ETF by 297.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 18,786 shares of the company’s stock valued at $3,668,000 after buying an additional 14,060 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of SPDR NYSE Technology ETF by 17.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 79,674 shares of the company’s stock valued at $15,557,000 after buying an additional 11,816 shares during the last quarter. Pinion Investment Advisors LLC bought a new position in shares of SPDR NYSE Technology ETF during the second quarter valued at approximately $2,200,000. Finally, Gentry Private Wealth LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the second quarter worth approximately $1,743,000.

SPDR NYSE Technology ETF Stock Performance

Shares of XNTK stock opened at $211.43 on Monday. The stock has a 50 day moving average price of $203.87 and a 200 day moving average price of $194.74. SPDR NYSE Technology ETF has a 52-week low of $156.52 and a 52-week high of $213.06. The firm has a market capitalization of $921.83 million, a P/E 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.