SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 52-Week High – Here’s What Happened

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $219.99 and last traded at $219.63, with a volume of 10804 shares trading hands. The stock had previously closed at $218.52.

SPDR NYSE Technology ETF Stock Up 0.5 %

The stock has a market capitalization of $957.59 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The company’s fifty day simple moving average is $209.75 and its 200 day simple moving average is $199.52.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. grew its stake in shares of SPDR NYSE Technology ETF by 138.9% in the fourth quarter. Harbour Investments Inc. now owns 172 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at about $81,000. Avior Wealth Management LLC acquired a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at about $89,000. Activest Wealth Management acquired a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at about $121,000. Finally, Jones Financial Companies Lllp grew its stake in shares of SPDR NYSE Technology ETF by 21.7% in the fourth quarter. Jones Financial Companies Lllp now owns 949 shares of the company’s stock valued at $191,000 after acquiring an additional 169 shares in the last quarter.

About SPDR NYSE Technology ETF

SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.