Raymond James Financial Inc. Invests $518,000 in SPDR Kensho Future Security ETF (NYSEARCA:FITE)

Raymond James Financial Inc. purchased a new stake in shares of SPDR Kensho Future Security ETF (NYSEARCA:FITE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,734 shares of the company’s stock, valued at approximately $518,000.

Other hedge funds have also recently added to or reduced their stakes in the company. WealthCare Investment Partners LLC bought a new stake in SPDR Kensho Future Security ETF in the 4th quarter worth approximately $282,000. Hughes Financial Services LLC purchased a new stake in shares of SPDR Kensho Future Security ETF in the 4th quarter valued at $21,585,000. Finally, LPL Financial LLC grew its holdings in shares of SPDR Kensho Future Security ETF by 88.1% during the 4th quarter. LPL Financial LLC now owns 193,256 shares of the company’s stock valued at $12,944,000 after purchasing an additional 90,534 shares during the last quarter.

SPDR Kensho Future Security ETF Stock Up 1.0 %

SPDR Kensho Future Security ETF stock opened at $66.74 on Friday. The firm has a fifty day simple moving average of $62.94 and a two-hundred day simple moving average of $65.98. SPDR Kensho Future Security ETF has a twelve month low of $53.86 and a twelve month high of $72.79. The company has a market capitalization of $71.41 million, a PE ratio of 27.19 and a beta of 0.94.

About SPDR Kensho Future Security ETF

The SPDR S&P Kensho Future Security ETF (FITE) is an exchange-traded fund that is based on the S&P Kensho Future Security index. The fund tracks an index of US stocks supporting technological innovations in future military and security applications. FITE was launched on Dec 26, 2017 and is managed by State Street.