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

Posted by Teresa Graham on Jan 30th, 2025

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) saw strong trading volume on Tuesday . 12,241 shares changed hands during mid-day trading, a decline of 26% from the previous session’s volume of 16,649 shares.The stock last traded at $208.40 and had previously closed at $206.97.

SPDR NYSE Technology ETF Trading Down 0.2 %

The business’s 50 day simple moving average is $207.84 and its two-hundred day simple moving average is $197.86. The firm has a market capitalization of $915.73 million, a PE ratio of 42.29 and a beta of 1.53.

Institutional Trading of SPDR NYSE Technology ETF

A number of hedge funds have recently bought and sold shares of XNTK. GoalVest Advisory LLC increased its position in shares of SPDR NYSE Technology ETF by 10.4% during the 3rd quarter. GoalVest Advisory LLC now owns 26,260 shares of the company’s stock valued at $5,187,000 after purchasing an additional 2,478 shares during the last quarter. CX Institutional bought a new position in SPDR NYSE Technology ETF in the third quarter worth approximately $489,000. Envestnet Asset Management Inc. grew its position in shares of SPDR NYSE Technology ETF by 18.3% during 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 period. Montis Financial LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the 3rd quarter worth $275,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the 3rd quarter worth $242,000.

SPDR NYSE Technology ETF Company Profile

(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.