SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sets New 12-Month High – Still a Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $343.43 and last traded at $342.71, with a volume of 42878 shares changing hands. The stock had previously closed at $340.68.

SPDR NYSE Technology ETF Trading Up 0.6%

The stock has a market capitalization of $1.99 billion, a P/E ratio of 31.16 and a beta of 1.41. The company’s 50-day moving average is $281.49 and its two-hundred day moving average is $279.70.

Institutional Trading of SPDR NYSE Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in XNTK. IFC & Insurance Marketing Inc. bought a new stake in shares of SPDR NYSE Technology ETF during the 4th quarter worth about $25,000. Allspring Global Investments Holdings LLC bought a new stake in shares of SPDR NYSE Technology ETF during the 4th quarter worth about $28,000. Qube Research & Technologies Ltd raised its position in shares of SPDR NYSE Technology ETF by 351.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after buying an additional 116 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of SPDR NYSE Technology ETF by 101.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 161 shares of the company’s stock worth $44,000 after buying an additional 81 shares in the last quarter. Finally, Realta Investment Advisors raised its position in shares of SPDR NYSE Technology ETF by 41.7% during the 4th quarter. Realta Investment Advisors now owns 170 shares of the company’s stock worth $47,000 after buying an additional 50 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.