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

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price reached a new 52-week low on Monday . The company traded as low as $159.43 and last traded at $168.16, with a volume of 94716 shares traded. The stock had previously closed at $169.28.

SPDR NYSE Technology ETF Stock Performance

The stock’s fifty day simple moving average is $205.90 and its two-hundred day simple moving average is $204.83. The company has a market cap of $728.76 million, a price-to-earnings ratio of 28.85 and a beta of 1.27.

SPDR NYSE Technology ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a dividend of $0.1046 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of XNTK. Harbour Investments Inc. lifted its stake in shares of SPDR NYSE Technology ETF by 138.9% during the fourth quarter. Harbour Investments Inc. now owns 172 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Concourse Financial Group Securities Inc. acquired a new position in SPDR NYSE Technology ETF during the 4th quarter worth approximately $54,000. Global Wealth Strategies & Associates acquired a new position in SPDR NYSE Technology ETF during the 4th quarter worth approximately $81,000. Avior Wealth Management LLC purchased a new position in SPDR NYSE Technology ETF in the 4th quarter worth approximately $89,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in SPDR NYSE Technology ETF in the fourth quarter valued at approximately $93,000.

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.