SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $207.31 and last traded at $207.31, with a volume of 2668 shares. The stock had previously closed at $204.71.
SPDR NYSE Technology ETF Price Performance
The firm has a market capitalization of $906.01 million, a PE ratio of 42.29 and a beta of 1.53. The company has a fifty day moving average of $194.34 and a 200-day moving average of $189.53.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of XNTK. Axxcess Wealth Management LLC lifted its stake in SPDR NYSE Technology ETF by 2.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 3,060 shares of the company’s stock valued at $558,000 after purchasing an additional 60 shares during the last quarter. Montchanin Asset Management LLC acquired a new stake in SPDR NYSE Technology ETF in the first quarter valued at about $415,000. Bright Futures Wealth Management LLC. bought a new stake in shares of SPDR NYSE Technology ETF during the first quarter worth $263,000. CWM LLC raised its holdings in SPDR NYSE Technology ETF by 57.6% in the 2nd quarter. CWM LLC now owns 832 shares of the company’s stock valued at $163,000 after buying an additional 304 shares during the last quarter. Finally, SMI Advisory Services LLC acquired a new position in SPDR NYSE Technology ETF during the 2nd quarter worth about $5,576,000.
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.
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