SPDR FactSet Innovative Technology ETFSPDR FactSet Innovative Technology ETFSPDR FactSet Innovative Technology ETF

SPDR FactSet Innovative Technology ETF

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Key stats


Assets under management (AUM)
‪94.37 M‬USD
Fund flows (1Y)
‪−45.87 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.03%
Shares outstanding
‪520.00 K‬
Expense ratio
0.45%

About SPDR FactSet Innovative Technology ETF


Brand
SPDR
Home page
Inception date
Jan 13, 2016
Structure
Open-Ended Fund
Index tracked
FactSet Innovative Technology Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
XITK invests in US-listed technology and electronic media companies deemed innovative or disruptive by FactSet. Specifically, companies selected are required to derive at least 50% of their revenue from information technology services, hardware and software manufacturing, electronic components manufacturing, manufacturing equipment and services, and electronic media. Alongside the fund's sector qualification, the companies selected must exhibit innovation. To be considered innovative, the companies must belong to technology industries exhibiting top quartile revenue growth over 1-year and 3-year periods. Constituents are given equal weight within the fund. The index is reconstituted annually in December.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Broad-based
Strategy
Fundamental
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Fundamental
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Stock breakdown by region
89%2%4%3%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to XITK via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XITK trades at 179.58 USD today, its price has fallen −0.65% in the past 24 hours. Track more dynamics on XITK price chart.
XITK net asset value is 179.12 today — it's risen 9.29% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
XITK assets under management is ‪94.37 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
XITK price has risen by 8.96% over the last month, and its yearly performance shows a 24.73% increase. See more dynamics on XITK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 9.29% over the last month, showed a 1.47% increase in three-month performance and has increased by 22.60% in a year.
XITK fund flows account for ‪−45.87 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XITK invests in stocks. See more details in our Analysis section.
XITK expense ratio is 0.45%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XITK isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, XITK technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XITK shows the strong buy signal. See more of XITK technicals for a more comprehensive analysis.
XITK trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
XITK shares are issued by State Street Corp.
XITK follows the FactSet Innovative Technology Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 13, 2016.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.