SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 1-Year High – What’s Next?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $213.16 and last traded at $213.16, with a volume of 2027 shares. The stock had previously closed at $211.43.

SPDR NYSE Technology ETF Price Performance

The stock has a market cap of $901.52 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The firm has a 50 day simple moving average of $204.45 and a two-hundred day simple moving average of $195.21.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Several large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of SPDR NYSE Technology ETF by 17.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79,674 shares of the company’s stock valued at $15,557,000 after purchasing an additional 11,816 shares during the period. Private Advisor Group LLC raised its holdings in shares of SPDR NYSE Technology ETF by 3.3% in the second quarter. Private Advisor Group LLC now owns 39,469 shares of the company’s stock valued at $7,706,000 after purchasing an additional 1,265 shares during the last quarter. Axiom Advisory LLC boosted its holdings in SPDR NYSE Technology ETF by 1.7% during the third quarter. Axiom Advisory LLC now owns 28,160 shares of the company’s stock worth $5,316,000 after purchasing an additional 483 shares during the last quarter. GoalVest Advisory LLC increased its stake in SPDR NYSE Technology ETF by 10.4% in the 3rd quarter. GoalVest Advisory LLC now owns 26,260 shares of the company’s stock valued at $5,187,000 after buying an additional 2,478 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in SPDR NYSE Technology ETF by 297.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,786 shares of the company’s stock valued at $3,668,000 after buying an additional 14,060 shares during the last quarter.

SPDR NYSE Technology ETF Company Profile

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.