SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sets New 12-Month High – Still a Buy?

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $270.40 and last traded at $269.59, with a volume of 20614 shares changing hands. The stock had previously closed at $267.82.

SPDR NYSE Technology ETF Trading Down 0.5%

The firm has a market capitalization of $1.36 billion, a P/E ratio of 31.16 and a beta of 1.23. The business’s fifty day moving average is $245.78 and its 200 day moving average is $221.45.

Institutional Trading of SPDR NYSE Technology ETF

Large investors have recently modified their holdings of the company. MML Investors Services LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 1.5% during the second quarter. MML Investors Services LLC now owns 3,088 shares of the company’s stock worth $733,000 after buying an additional 45 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its position in SPDR NYSE Technology ETF by 1.4% in the first quarter. Joseph P. Lucia & Associates LLC now owns 3,928 shares of the company’s stock worth $753,000 after purchasing an additional 56 shares in the last quarter. Captrust Financial Advisors lifted its stake in SPDR NYSE Technology ETF by 1.0% during the second quarter. Captrust Financial Advisors now owns 5,807 shares of the company’s stock worth $1,378,000 after purchasing an additional 58 shares during the period. Sheets Smith Wealth Management grew its stake in shares of SPDR NYSE Technology ETF by 4.6% in the 1st quarter. Sheets Smith Wealth Management now owns 1,760 shares of the company’s stock valued at $338,000 after purchasing an additional 77 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in SPDR NYSE Technology ETF by 3.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the company’s stock valued at $495,000 after buying an additional 82 shares in 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.