SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 12-Month High – Here’s Why

SPDR NYSE Technology ETF (NYSEARCA:XNTK) shares reached a new 52-week high during trading on Thursday . The company traded as high as $312.06 and last traded at $311.35, with a volume of 26921 shares trading hands. The stock had previously closed at $307.99.

SPDR NYSE Technology ETF Stock Up 1.4%

The stock has a market cap of $1.81 billion, a P/E ratio of 31.16 and a beta of 1.33. The business has a 50 day moving average price of $274.11 and a 200 day moving average price of $277.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Auto Owners Insurance Co grew its stake in SPDR NYSE Technology ETF by 30,856.8% in the fourth quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock worth $112,474,711,000 after purchasing an additional 403,452,508 shares in the last quarter. LPL Financial LLC grew its stake in SPDR NYSE Technology ETF by 23.6% in the fourth quarter. LPL Financial LLC now owns 254,253 shares of the company’s stock worth $70,652,000 after purchasing an additional 48,595 shares in the last quarter. Wells Fargo & Company MN grew its stake in SPDR NYSE Technology ETF by 35.1% in the fourth quarter. Wells Fargo & Company MN now owns 193,410 shares of the company’s stock worth $53,745,000 after purchasing an additional 50,254 shares in the last quarter. Keystone Wealth Services LLC bought a new position in SPDR NYSE Technology ETF in the fourth quarter worth approximately $51,033,000. Finally, New Harbor Financial Group LLC grew its stake in SPDR NYSE Technology ETF by 2.6% in the third quarter. New Harbor Financial Group LLC now owns 102,554 shares of the company’s stock worth $27,918,000 after purchasing an additional 2,622 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.