SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sets New 52-Week High – Time to Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $218.91 and last traded at $217.57, with a volume of 1004 shares traded. The stock had previously closed at $216.29.

SPDR NYSE Technology ETF Stock Performance

The stock has a market cap of $944.22 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The business has a fifty day simple moving average of $209.13 and a 200 day simple moving average of $198.72.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates acquired a new position in SPDR NYSE Technology ETF during the 4th quarter valued at about $81,000. Avior Wealth Management LLC acquired a new position in shares of SPDR NYSE Technology ETF during the fourth quarter valued at approximately $89,000. Activest Wealth Management bought a new stake in SPDR NYSE Technology ETF during the fourth quarter worth approximately $121,000. Jones Financial Companies Lllp boosted its stake in SPDR NYSE Technology ETF by 21.7% during the 4th quarter. Jones Financial Companies Lllp now owns 949 shares of the company’s stock valued at $191,000 after purchasing an additional 169 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new position in shares of SPDR NYSE Technology ETF during the 4th quarter valued at $202,000.

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.