SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) saw strong trading volume on Wednesday . 590,334 shares changed hands during trading, an increase of 1,197% from the previous session’s volume of 45,508 shares.The stock last traded at $356.74 and had previously closed at $357.62.
SPDR NYSE Technology ETF Price Performance
The stock’s fifty day moving average is $360.80 and its 200-day moving average is $319.90. The stock has a market capitalization of $2.20 billion, a PE ratio of 31.16 and a beta of 1.45.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Pinion Investment Advisors LLC increased its stake in shares of SPDR NYSE Technology ETF by 10.1% during the fourth quarter. Pinion Investment Advisors LLC now owns 20,823 shares of the company’s stock worth $5,786,000 after purchasing an additional 1,911 shares in the last quarter. UBS Group AG raised its position in shares of SPDR NYSE Technology ETF by 63.2% during the 4th quarter. UBS Group AG now owns 75,060 shares of the company’s stock worth $20,858,000 after purchasing an additional 29,074 shares during the last quarter. Independent Wealth Network Inc. purchased a new position in SPDR NYSE Technology ETF in the 1st quarter valued at about $876,000. Aurora Private Wealth Inc. purchased a new position in SPDR NYSE Technology ETF in the 4th quarter valued at about $995,000. Finally, Gentry Private Wealth LLC boosted its holdings in SPDR NYSE Technology ETF by 25.2% in the 1st quarter. Gentry Private Wealth LLC now owns 22,009 shares of the company’s stock worth $5,618,000 after buying an additional 4,435 shares during 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.
Further Reading
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