SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 52-Week High – What’s Next?

SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $216.39 and last traded at $216.99, with a volume of 960 shares. The stock had previously closed at $212.84.

SPDR NYSE Technology ETF Trading Up 2.3 %

The company has a 50 day simple moving average of $206.89 and a 200 day simple moving average of $197.48. The stock has a market capitalization of $949.61 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 institutional investors have recently added to or reduced their stakes in XNTK. Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR NYSE Technology ETF by 17.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79,674 shares of the company’s stock valued at $15,557,000 after acquiring an additional 11,816 shares during the period. Axiom Advisory LLC raised 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 boosted its position in SPDR NYSE Technology ETF by 2.0% during the fourth quarter. GoalVest Advisory LLC now owns 26,786 shares of the company’s stock worth $5,406,000 after purchasing an additional 526 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SPDR NYSE Technology ETF by 18.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,084 shares of the company’s stock valued at $2,750,000 after acquiring an additional 2,178 shares during the last quarter. Finally, SFG Wealth Management LLC. increased its stake in shares of SPDR NYSE Technology ETF by 3.7% during the 4th quarter. SFG Wealth Management LLC. now owns 13,175 shares of the company’s stock worth $2,659,000 after purchasing an additional 465 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.