Fulcrum Equity Management Invests $2.71 Million in SPDR S&P Internet ETF (NYSEARCA:XWEB)

Fulcrum Equity Management purchased a new position in SPDR S&P Internet ETF (NYSEARCA:XWEB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,935 shares of the company’s stock, valued at approximately $2,705,000. SPDR S&P Internet ETF makes up about 1.1% of Fulcrum Equity Management’s holdings, making the stock its 25th biggest position.

Separately, LPL Financial LLC raised its stake in SPDR S&P Internet ETF by 174.6% in the fourth quarter. LPL Financial LLC now owns 9,194 shares of the company’s stock valued at $1,442,000 after purchasing an additional 5,846 shares in the last quarter.

XWEB traded down $1.62 on Thursday, reaching $174.47. The company had a trading volume of 3,712 shares, compared to its average volume of 7,902. The business has a 50 day simple moving average of $176.68 and a 200 day simple moving average of $154.11. SPDR S&P Internet ETF has a 52-week low of $67.30 and a 52-week high of $196.16.

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Institutional Ownership by Quarter for SPDR S&P Internet ETF (NYSEARCA:XWEB)

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