Summary
XITK Chart
XITK Gets A Buy Rating For Those Wanting Small-Cap Technology Exposure
The SPDR FactSet Innovative Technology ETF offers exposure to high-growth tech and electronic media companies, aiming to capture innovation across diverse market capitalizations. XITK has $100m in AUM, 45bps fees, and no dividend payments since inception; it uses an equal-weighted index to mitigate stock-specific risk. Performance varies by time period, but XITK is recommended for those who can handle volatility; it gets a Buy rating for risk-tolerant investors, Hold for others.
XITK: Unconvincing Risk/Benefit Profile
SPDR FactSet Innovative Technology ETF holds 100 stocks of innovative companies closely related to technology. XITK primarily measures innovation based on revenue growth and has a focus on the software industry. Valuation and growth metrics are attractive relative to the sector benchmark XLK, but the sector as a whole is deeply overvalued.
SPDR FactSet Innovative Technology ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 187 | $27,875.56 | $34,776.39 | $6,900.83 | 24.76% |
| RS Richard Slavik Newbridge Financial Services Group Inc. | 172 | $25,211.76 | $32,048.76 | $6,837 | 27.12% |
 Mariana Coli Dunhill Financial LLC | 4 | $586 | $750.68 | $164.68 | 28.1% |
 Joshua Stipcich Tidemark, LLC | 108 | $20,451 | $19,878.48 | -$572.52 | -2.8% |
| LCB Lawrence C. Busch Sage Capital Management, LLC | 20,079 | $2.93M | $3.69M | $755,192.77 | 25.75% |
SPDR FactSet Innovative Technology ETF (XITK) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has SPDR FactSet Innovative Technology ETF ever had a stock split?
SPDR FactSet Innovative Technology ETF Profile
| ARCA Exchange | US Country |
Overview
The fund focuses on the dynamic sector of technology, offering investors exposure to the performance of U.S.-listed stocks and American Depository Receipts (ADRs) of technology companies and technology-related entities. This spectrum encompasses innovators within the broader technology sector along with companies situated in the Electronic Media sub-sector of the Media industry. The careful selection of investments aims to mirror the constituents of a key index, which is carefully defined by FactSet Research Systems, Inc. This approach emphasizes the fund's commitment to investing in areas identified for their innovative strength and market potential. By allocating at least 80% of its total assets to securities that form part of the index, the fund ensures a high degree of correlation with the performance of its benchmark, thereby seeking to provide investors with a reflective and concentrated exposure to the technology sector's most promising segments.
Products and Services
- Index-Linked Investments
This product allows investors to gain exposure to the performance of companies in the technology sector and related areas, as defined by a significant index. By investing primarily in U.S.-listed stocks and American Depository Receipts (ADRs), the fund targets the most innovative and growth-oriented segments of the market, including the technology sector and the Electronic Media sub-sector of the Media industry. The objective is to track the index closely, which is meticulously composed by FactSet Research Systems, Inc., ensuring that the investments are aligned with the vibrancy and evolutionary pace of the technology landscape.
