SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) shares saw strong trading volume on Friday. Approximately 281,589 shares traded hands during mid-day trading, an increase of 463% from the previous session’s volume of 50,003 shares. The stock last traded at $350.5970 and had previously closed at $364.01.
SPDR NYSE Technology ETF Stock Performance
The business has a 50 day simple moving average of $368.03 and a 200-day simple moving average of $348.64. The stock has a market capitalization of $1.93 billion, a P/E ratio of 31.16 and a beta of 1.45.
Hedge Funds Weigh In On SPDR NYSE Technology ETF
Large investors have recently made changes to their positions in the business. Global Assets Advisory LLC acquired a new stake in shares of SPDR NYSE Technology ETF during the 1st quarter valued at $67,526,000. Melone Private Wealth LLC bought a new position in shares of SPDR NYSE Technology ETF during the 2nd quarter worth about $66,253,000. Envestnet Asset Management Inc. lifted its position in shares of SPDR NYSE Technology ETF by 231.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 164,791 shares of the company’s stock worth $64,376,000 after acquiring an additional 115,103 shares during the period. NorthRock Partners LLC acquired a new stake in SPDR NYSE Technology ETF during the second quarter worth $64,063,000. Finally, State Street Corp bought a new stake in SPDR NYSE Technology ETF in the second quarter valued at about $41,031,000.
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.
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