XITK ISSUER
The issuer of the XITK ETF, State Street Global Advisors, is a well-established and reputable asset management company. They are known for their expertise in managing a wide range of investment products, including exchange-traded funds (ETFs). XITK, which seeks to track the FactSet Innovative Technology Index, reflects State Street Global Advisors' commitment to offering innovative investment solutions to investors. With a focus on technology and electronic media companies within the most innovative segments of the Technology sector, XITK provides investors with exposure to cutting-edge research, innovative product development, and disruptive business models in the technology industry.
XITK DIVIDEND
While the primary focus of the SPDR S&P Kensho New Economies Composite ETF (XITK) is on tracking the innovative technology companies within the FactSet Innovative Technology Index, it also reflects the dividend distribution of its constituent companies. These dividends are typically influenced by the individual dividend policies and performances of the underlying innovative technology companies. Investors in XITK can expect dividend distributions on a regular basis, and the ETF may provide both capital appreciation and potential dividend returns. However, it's important to note that the dividend yield may not be the primary driver for investing in this ETF, as its focus is primarily on capturing the growth potential of innovative technology stocks.
XITK TRACKING
Tracking the FactSet Innovative Technology Index is the primary objective of the XITK ETF. Instead of purchasing all the securities in the Index, the ETF employs a sampling strategy to hold a portfolio with similar risk and return characteristics. XITK generally invests at least 80% of its assets in Index securities, which consist of U.S.-listed stocks and ADRs of innovative technology and electronic media companies. This ETF is designed to provide exposure to the most innovative segments of the technology and electronic media sectors, with an equal-weighted approach to ensure each component stock is represented evenly in the Index. As of July 31, 2022, the Index was composed of 96 stocks, and it is sponsored by FactSet, the Index Provider, which is not affiliated with the Fund or its adviser.
XITK CORRELATION
The correlation aspect of the SPDR FactSet Innovative Technology ETF (XITK) is primarily focused on its performance in relation to the FactSet Innovative Technology Index. As XITK seeks to track this index, it aims to maintain a high correlation with the innovative technology sector of the U.S. stock market. This correlation makes XITK an ideal choice for investors looking to gain exposure to cutting-edge research, innovative product development, and disruptive business models within the technology and electronic media sub-sectors. By tracking the FactSet Innovative Technology Index, XITK provides investors with a way to tap into the most innovative segments of the technology sector, offering insights into the growth potential and trends of these companies.
XITK SECTOR
The Invesco S&P Technology Innovators ETF (XITK) primarily focuses on the technology sector. It aims to track the performance of the FactSet Innovative Technology Index, which encompasses U.S.-listed stock and American Depository Receipts (ADRs) of technology companies and technology-related companies, with a particular emphasis on those operating within the most innovative segments of the technology sector and electronic media sub-sector. This ETF offers investors exposure to cutting-edge research, innovative product development, disruptive business models, and revenue growth within the technology and electronic media industries. However, it's important to note that the fund may exhibit higher volatility due to its sector concentration and innovation-focused approach.
XITK EXPOSURE
The exposure characteristic of the SPDR FactSet Innovative Technology ETF (XITK) is centered around the innovative technology sector within the U.S. market. XITK aims to mirror the FactSet Innovative Technology Index, which encompasses technology and electronic media companies with a focus on cutting-edge research, innovative product development, and disruptive business models. Investors in XITK have the opportunity to gain exposure to companies at the forefront of technological innovation and electronic media, offering a unique perspective on the dynamic landscape of the U.S. technology sector.
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