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Upturn AI SWOT - About
SPDR® FactSet Innovative Technology ETF (XITK)
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Upturn Advisory Summary
02/26/2025: XITK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 8.98% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 02/26/2025 |
Key Highlights
Volume (30-day avg) 6813 | Beta 1.31 | 52 Weeks Range 129.47 - 196.60 | Updated Date 04/2/2025 |
52 Weeks Range 129.47 - 196.60 | Updated Date 04/2/2025 |
Upturn AI SWOT
SPDR® FactSet Innovative Technology ETF
ETF Overview
Overview
The SPDRu00ae FactSet Innovative Technology ETF (XITK) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index. It focuses on companies poised to benefit from technological advancements.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and reliable ETF issuer with a long track record.
Management Expertise
SSGA has extensive experience in managing a wide range of ETFs, including those focused on specific sectors.
Investment Objective
Goal
To provide investment results that correspond generally to the total return performance of the FactSet Innovative Technology Index.
Investment Approach and Strategy
Strategy: XITK aims to track the FactSet Innovative Technology Index, a modified equal-weighted index.
Composition The ETF primarily holds stocks of companies identified as innovative technology firms.
Market Position
Market Share: XITK's market share is relatively small compared to broader technology ETFs.
Total Net Assets (AUM): 89498487
Competitors
Key Competitors
- Invesco QQQ Trust (QQQ)
- Technology Select Sector SPDRu00ae Fund (XLK)
- ARK Innovation ETF (ARKK)
Competitive Landscape
The ETF industry for technology is competitive. XITK's advantage is its focus on innovative technology as determined by FactSet. A disadvantage is its relatively small size, which can lead to higher trading costs and limited liquidity compared to larger competitors.
Financial Performance
Historical Performance: Historical performance data not available.
Benchmark Comparison: Benchmark performance data not available.
Expense Ratio: 0.45
Liquidity
Average Trading Volume
XITK's average trading volume is moderate, which can impact ease of trade execution.
Bid-Ask Spread
XITK's bid-ask spread is variable, depending on market conditions and trading volume.
Market Dynamics
Market Environment Factors
Economic growth, technological advancements, interest rates, and regulatory changes can impact XITK's performance.
Growth Trajectory
Growth depends on the continued innovation and adoption of new technologies by the holdings within the fund.
Moat and Competitive Advantages
Competitive Edge
XITK's competitive edge lies in its focused approach to innovative technology, using the FactSet Innovative Technology Index. This index helps in identifying companies that are driving advancements and disruptions in their respective sectors. Its modified equal-weighted methodology aims to reduce concentration risk compared to market-cap-weighted indexes. By targeting such companies, XITK offers investors a potentially more precise way to invest in technological innovation.
Risk Analysis
Volatility
Volatility data not available.
Market Risk
XITK faces market risk associated with the technology sector, which can be sensitive to economic cycles and changes in investor sentiment.
Investor Profile
Ideal Investor Profile
XITK is suitable for investors seeking targeted exposure to innovative technology companies.
Market Risk
XITK is suitable for long-term investors with a high-risk tolerance.
Summary
The SPDRu00ae FactSet Innovative Technology ETF (XITK) offers targeted exposure to innovative technology companies. While it aims to track a specific index focused on innovation, it faces strong competition from larger, more liquid technology ETFs. Its relatively small size and moderate trading volume may pose challenges for some investors. However, its targeted approach may appeal to investors seeking specific exposure to innovative technology.
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Sources and Disclaimers
Data Sources:
- State Street Global Advisors Website
- FactSet
- ETF.com
- Seeking Alpha
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® FactSet Innovative Technology ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index.
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