SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 52-Week High – What’s Next?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $296.01 and last traded at $294.58, with a volume of 53254 shares. The stock had previously closed at $292.38.

SPDR NYSE Technology ETF Trading Up 0.7%

The business’s fifty day moving average price is $267.23 and its 200-day moving average price is $275.73. The company has a market capitalization of $1.67 billion, a P/E ratio of 31.16 and a beta of 1.33.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. IFC & Insurance Marketing Inc. bought a new stake in SPDR NYSE Technology ETF in the 4th quarter worth approximately $25,000. Allspring Global Investments Holdings LLC purchased a new position in shares of SPDR NYSE Technology ETF during the fourth quarter worth approximately $28,000. Qube Research & Technologies Ltd raised its stake 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 worth $35,000 after acquiring an additional 116 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 101.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 161 shares of the company’s stock worth $44,000 after acquiring an additional 81 shares during the last quarter. Finally, Realta Investment Advisors boosted its stake in shares of SPDR NYSE Technology ETF by 41.7% in the 4th quarter. Realta Investment Advisors now owns 170 shares of the company’s stock valued at $47,000 after purchasing an additional 50 shares in the last quarter.

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.