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

SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high on Thursday . The stock traded as high as $219.99 and last traded at $219.63, with a volume of 10804 shares changing hands. The stock had previously closed at $218.52.

SPDR NYSE Technology ETF Price Performance

The stock has a market capitalization of $985.53 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The stock has a 50 day moving average price of $210.18 and a 200-day moving average price of $199.84.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Large investors have recently modified their holdings of the business. Harbour Investments Inc. increased its holdings in shares of SPDR NYSE Technology ETF by 138.9% in the fourth quarter. Harbour Investments Inc. now owns 172 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Concourse Financial Group Securities Inc. acquired a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter worth $54,000. Global Wealth Strategies & Associates acquired a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter worth $81,000. Avior Wealth Management LLC purchased a new position in shares of SPDR NYSE Technology ETF during the 4th quarter worth $89,000. Finally, Activest Wealth Management acquired a new position in shares of SPDR NYSE Technology ETF during the 4th quarter valued at about $121,000.

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.