SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw unusually-strong trading volume on Friday . Approximately 55,873 shares were traded during mid-day trading, an increase of 76% from the previous session’s volume of 31,806 shares.The stock last traded at $256.64 and had previously closed at $257.38.

SPDR NYSE Technology ETF Price Performance

The firm has a market capitalization of $1.35 billion, a P/E ratio of 31.16 and a beta of 1.31. The company has a fifty day moving average of $276.93 and a 200 day moving average of $247.58.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

A number of hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. boosted its position in SPDR NYSE Technology ETF by 15.5% during the third quarter. Centaurus Financial Inc. now owns 1,490 shares of the company’s stock valued at $406,000 after acquiring an additional 200 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of SPDR NYSE Technology ETF by 113.7% in the 3rd quarter. Susquehanna International Group LLP now owns 18,884 shares of the company’s stock worth $5,141,000 after acquiring an additional 10,047 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SPDR NYSE Technology ETF by 2.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 68,879 shares of the company’s stock valued at $18,751,000 after purchasing an additional 1,755 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of SPDR NYSE Technology ETF during the 3rd quarter valued at about $229,000. Finally, Hilltop Holdings Inc. acquired a new stake in SPDR NYSE Technology ETF during the third quarter worth approximately $424,000.

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.