SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 1-Year High – Still a Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK) hit a new 52-week high on Wednesday . The company traded as high as $216.39 and last traded at $216.99, with a volume of 960 shares trading hands. The stock had previously closed at $212.84.

SPDR NYSE Technology ETF Trading Up 2.3 %

The company has a fifty day moving average of $206.89 and a 200-day moving average of $197.48. The stock has a market cap of $949.61 million, a PE ratio of 42.29 and a beta of 1.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of SPDR NYSE Technology ETF by 15.2% during the 3rd quarter. FMR LLC now owns 1,283 shares of the company’s stock worth $253,000 after buying an additional 169 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR NYSE Technology ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 14,084 shares of the company’s stock worth $2,750,000 after purchasing an additional 2,178 shares during the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the 2nd quarter valued at about $560,000. Captrust Financial Advisors boosted its position in shares of SPDR NYSE Technology ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 4,958 shares of the company’s stock valued at $979,000 after purchasing an additional 82 shares during the period. Finally, Centaurus Financial Inc. grew its stake in SPDR NYSE Technology ETF by 20.9% during the 2nd quarter. Centaurus Financial Inc. now owns 4,363 shares of the company’s stock worth $852,000 after buying an additional 753 shares during 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.