SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 12-Month High – What’s Next?

SPDR NYSE Technology ETF (NYSEARCA:XNTKGet Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $228.88 and last traded at $228.87, with a volume of 17020 shares. The stock had previously closed at $226.04.

SPDR NYSE Technology ETF Stock Down 0.7 %

The business’s fifty day moving average is $211.73 and its 200-day moving average is $201.40. The company has a market cap of $982.00 million, a PE ratio of 42.29 and a beta of 1.53.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

A number of hedge funds have recently modified their holdings of XNTK. Harbour Investments Inc. grew its holdings in SPDR NYSE Technology ETF by 138.9% during the fourth quarter. Harbour Investments Inc. now owns 172 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Concourse Financial Group Securities Inc. purchased a new stake in SPDR NYSE Technology ETF in the 4th quarter worth approximately $54,000. Global Wealth Strategies & Associates bought a new stake in SPDR NYSE Technology ETF during the 4th quarter worth approximately $81,000. Avior Wealth Management LLC purchased a new position in SPDR NYSE Technology ETF during the fourth quarter valued at approximately $89,000. Finally, Activest Wealth Management bought a new position in shares of SPDR NYSE Technology ETF in the fourth quarter worth approximately $121,000.

About SPDR NYSE Technology ETF

(Get Free Report)

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.

Further Reading

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