State Street SPDR FactSet Innovative Technology ETF (XITK)
State Street SPDR FactSet Innovative Technology ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $204.21, up 0.96% on the session, giving a market capitalisation of $58.2M. Its beta of 1.67 implies it has historically moved more than the broad market.
The State Street SPDR FactSet Innovative Technology ETF aims to mirror the total return performance of the FactSet Innovative Technology Index, excluding fees and operating expenses. This fund strategically invests in companies within specific sub-sectors that demonstrate significant revenue growth and are known for offering pioneering products and services. Its design provides broad exposure to innovation across the entire technology and electronic media landscape, avoiding concentration on any single, narrow trend. By utilizing an equal-weighted index methodology, the ETF endeavors to reduce individual stock risk while still focusing on the most forward-thinking areas of technology.
State Street SPDR FactSet Innovative Technology ETF is most often compared with the following Financial Services names: