SPDR S&P Technology Hardware ETF (XTH) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the S&P Technology Hardware Select Industry Index, an equal-weighted benchmark comprising technology hardware, equipment, and components companies as defined by the Global Industry Classification Standard (GICS). The ETF employs a representative sampling strategy to invest in public equities across the information technology sector, focusing on growth and value stocks in diversified market capitalizations; it provides exposure to sub-industries including tech hardware storage and peripherals, electronic equipment and instruments, and electronic components, with holdings such as FEI Company, Lexmark International, and 3D Systems among its top constituents. The fund targets investors seeking concentrated exposure to U.S.-based technology hardware firms and operates primarily in the United States equity markets.
Issued by State Street Global Advisors, a subsidiary of State Street Corporation headquartered in Boston, Massachusetts, the SPDR S&P Technology Hardware ETF was formed on June 27, 2016, as part of the broader SPDR Series Trust. It features approximately 38 holdings, with roughly 38% of assets in the top 10 positions and 100% in the top 50, alongside key metrics including a price-earnings ratio around 57.69 and quarterly dividends such as $0.12 per share.
In a significant operational change, State Street Global Advisors announced the liquidation of the SPDR S&P Technology Hardware ETF (XTH) in May 2020 as part of an ongoing review of its SPDR ETF lineup; creations ceased on May 29, 2020, trading was suspended on NYSE Arca on June 1, 2020, and liquidation proceeds were distributed to shareholders around June 8, 2020. No major partnerships, funding rounds, acquisitions, new product launches, or strategic expansions specific to XTH have been reported in the last 1-2 years prior to its closure, reflecting its discontinued status within the active SPDR offerings.