SPDR S&P Technology Hardware ETF (XTH)
SPDR S&P Technology Hardware ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $71.14, down 0.10% on the session, giving a market capitalisation of $3.6M. Its beta of 1.38 implies it has historically moved more than the broad market.
This investment vehicle aims to replicate the returns of the S&P Technology Hardware Select Industry Index, referred to as 'the index'. Ordinarily, under typical market conditions, the fund allocates a substantial majority—at least 80%—of its total capital to the constituent securities of this benchmark. Beyond these core holdings, it retains the discretion to invest in equities not present in the index, alongside liquid assets including cash, cash equivalents, and money market instruments such as repurchase agreements or money market funds (including those managed by its adviser). The index itself delineates the technology hardware segment drawn from the comprehensive S&P Total Market Index (S&P TMI). It is important to note that this fund operates on a non-diversified basis.
SPDR S&P Technology Hardware ETF is most often compared with the following Financial Services names: