SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 1-Year High – What’s Next?

SPDR NYSE Technology ETF (NYSEARCA:XNTK) hit a new 52-week high on Thursday . The stock traded as high as $364.12 and last traded at $359.50, with a volume of 73330 shares traded. The stock had previously closed at $360.56.

SPDR NYSE Technology ETF Price Performance

The company has a 50-day simple moving average of $299.66 and a two-hundred day simple moving average of $284.45. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 31.16 and a beta of 1.41.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. IFC & Insurance Marketing Inc. acquired a new position in shares of SPDR NYSE Technology ETF during the fourth quarter valued at $25,000. Allspring Global Investments Holdings LLC acquired a new position in shares of SPDR NYSE Technology ETF during the fourth quarter valued at $28,000. Qube Research & Technologies Ltd increased its holdings in shares of SPDR NYSE Technology ETF by 351.5% during the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock valued at $35,000 after purchasing an additional 116 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of SPDR NYSE Technology ETF during the first quarter valued at $41,000. Finally, Realta Investment Advisors increased its holdings in shares of SPDR NYSE Technology ETF by 41.7% during the fourth quarter. Realta Investment Advisors now owns 170 shares of the company’s stock valued at $47,000 after purchasing an additional 50 shares during the period.

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.