SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 52-Week High at $198.89

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $198.89 and last traded at $198.74, with a volume of 4382 shares changing hands. The stock had previously closed at $197.79.

SPDR NYSE Technology ETF Price Performance

The stock has a market capitalization of $872.13 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The business has a fifty day moving average of $185.82 and a 200 day moving average of $178.26.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR NYSE Technology ETF by 33.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 24,855 shares of the company’s stock worth $3,395,000 after acquiring an additional 6,186 shares during the last quarter. Financial Gravity Asset Management Inc. grew its stake in shares of SPDR NYSE Technology ETF by 1,800.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,774 shares of the company’s stock valued at $379,000 after buying an additional 2,628 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of SPDR NYSE Technology ETF in the 4th quarter valued at $50,000. KWB Wealth lifted its stake in SPDR NYSE Technology ETF by 12.9% during the 4th quarter. KWB Wealth now owns 4,897 shares of the company’s stock worth $804,000 after acquiring an additional 558 shares in the last quarter. Finally, SMI Advisory Services LLC purchased a new position in SPDR NYSE Technology ETF during the 4th quarter valued at about $4,857,000.

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.