SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 1-Year High – Here’s Why

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high on Friday . The company traded as high as $218.91 and last traded at $217.57, with a volume of 1004 shares. The stock had previously closed at $216.29.

SPDR NYSE Technology ETF Trading Up 0.1 %

The stock has a market cap of $944.22 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The firm has a fifty day simple moving average of $209.13 and a 200 day simple moving average of $198.72.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XNTK. SFG Wealth Management LLC. grew its position in shares of SPDR NYSE Technology ETF by 0.6% in the 3rd quarter. SFG Wealth Management LLC. now owns 12,710 shares of the company’s stock valued at $2,511,000 after purchasing an additional 80 shares during the period. Captrust Financial Advisors boosted its stake in SPDR NYSE Technology ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 4,958 shares of the company’s stock worth $979,000 after purchasing an additional 82 shares during the period. Kraft Davis & Associates LLC increased its holdings in SPDR NYSE Technology ETF by 1.7% during the 3rd quarter. Kraft Davis & Associates LLC now owns 5,434 shares of the company’s stock worth $1,060,000 after purchasing an additional 89 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of SPDR NYSE Technology ETF by 2.7% in the 3rd quarter. IHT Wealth Management LLC now owns 3,614 shares of the company’s stock valued at $714,000 after purchasing an additional 95 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in shares of SPDR NYSE Technology ETF by 4.0% in the fourth quarter. Arkadios Wealth Advisors now owns 2,837 shares of the company’s stock valued at $573,000 after purchasing an additional 108 shares in 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.