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

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $228.88 and last traded at $228.87, with a volume of 17020 shares trading hands. The stock had previously closed at $226.04.

SPDR NYSE Technology ETF Price Performance

The stock has a market cap of $997.87 million, a PE ratio of 42.29 and a beta of 1.53. The business has a 50 day moving average price of $210.74 and a two-hundred day moving average price of $200.67.

Institutional Trading of SPDR NYSE Technology ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC bought a new position in SPDR NYSE Technology ETF in the fourth quarter worth $1,086,000. Bank of America Corp DE raised its holdings in SPDR NYSE Technology ETF by 1.4% in the fourth quarter. Bank of America Corp DE now owns 50,496 shares of the company’s stock worth $10,191,000 after purchasing an additional 708 shares in the last quarter. BNP Paribas Financial Markets bought a new position in SPDR NYSE Technology ETF in the fourth quarter worth $2,018,000. Ameriprise Financial Inc. increased its holdings in shares of SPDR NYSE Technology ETF by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 40,250 shares of the company’s stock valued at $8,121,000 after acquiring an additional 371 shares in the last quarter. Finally, Pennington Partners & CO. LLC bought a new position in shares of SPDR NYSE Technology ETF during the fourth quarter valued at $239,000.

About SPDR NYSE Technology ETF

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.