SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 52-Week High – Here’s What Happened

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

SPDR NYSE Technology ETF Stock Performance

The firm has a market capitalization of $957.59 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The business’s 50-day moving average is $209.75 and its two-hundred day moving average is $199.52.

Institutional Trading of SPDR NYSE Technology ETF

A number of hedge funds have recently modified their holdings of the company. Private Portfolio Partners LLC raised its position in shares of SPDR NYSE Technology ETF by 26.1% in the 4th quarter. Private Portfolio Partners LLC now owns 1,586 shares of the company’s stock valued at $320,000 after acquiring an additional 328 shares during the period. JPMorgan Chase & Co. raised its position in shares of SPDR NYSE Technology ETF by 28.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,795 shares of the company’s stock valued at $362,000 after acquiring an additional 400 shares during the period. LPL Financial LLC raised its position in shares of SPDR NYSE Technology ETF by 33.7% in the 4th quarter. LPL Financial LLC now owns 188,857 shares of the company’s stock valued at $38,115,000 after acquiring an additional 47,620 shares during the period. Axxcess Wealth Management LLC raised its holdings in SPDR NYSE Technology ETF by 5.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 3,725 shares of the company’s stock worth $752,000 after buying an additional 200 shares during the period. Finally, Harbour Investments Inc. raised its holdings in SPDR NYSE Technology ETF by 138.9% during the 4th quarter. Harbour Investments Inc. now owns 172 shares of the company’s stock worth $35,000 after buying an additional 100 shares during the period.

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.