SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 12-Month High – Here’s Why

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $312.06 and last traded at $311.35, with a volume of 26921 shares traded. The stock had previously closed at $307.99.

SPDR NYSE Technology ETF Price Performance

The company has a market capitalization of $1.81 billion, a PE ratio of 31.16 and a beta of 1.33. The business has a 50-day moving average of $274.11 and a 200 day moving average of $277.53.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

A number of hedge funds have recently made changes to their positions in the company. CWM LLC lifted its position in shares of SPDR NYSE Technology ETF by 4.7% in the third quarter. CWM LLC now owns 875 shares of the company’s stock worth $238,000 after buying an additional 39 shares in the last quarter. Kestra Advisory Services LLC increased its stake in SPDR NYSE Technology ETF by 3.8% during the fourth quarter. Kestra Advisory Services LLC now owns 1,118 shares of the company’s stock worth $311,000 after acquiring an additional 41 shares during the last quarter. MML Investors Services LLC increased its stake in SPDR NYSE Technology ETF by 1.5% during the second quarter. MML Investors Services LLC now owns 3,088 shares of the company’s stock worth $733,000 after acquiring an additional 45 shares during the last quarter. Realta Investment Advisors increased its stake in SPDR NYSE Technology ETF by 41.7% during the fourth quarter. Realta Investment Advisors now owns 170 shares of the company’s stock worth $47,000 after acquiring an additional 50 shares during the last quarter. Finally, SFG Wealth Management LLC. increased its stake in SPDR NYSE Technology ETF by 0.4% during the third quarter. SFG Wealth Management LLC. now owns 11,755 shares of the company’s stock worth $3,200,000 after acquiring an additional 50 shares during 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.