SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 12-Month High – Should You Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $391.95 and last traded at $391.94, with a volume of 30850 shares traded. The stock had previously closed at $379.92.

SPDR NYSE Technology ETF Price Performance

The stock has a market capitalization of $2.17 billion, a P/E ratio of 31.16 and a beta of 1.43. The company has a fifty day moving average of $351.83 and a two-hundred day moving average of $301.64.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC raised its position in shares of SPDR NYSE Technology ETF by 3.8% during the 4th quarter. Kestra Advisory Services LLC now owns 1,118 shares of the company’s stock valued at $311,000 after acquiring an additional 41 shares in the last quarter. MML Investors Services LLC increased its stake in 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 valued at $733,000 after purchasing an additional 45 shares during the last quarter. Realta Investment Advisors increased its stake in 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 last quarter. SFG Wealth Management LLC. raised its holdings in shares of SPDR NYSE Technology ETF by 0.4% during the third quarter. SFG Wealth Management LLC. now owns 11,755 shares of the company’s stock worth $3,200,000 after purchasing an additional 50 shares during the period. Finally, Summit Investment Advisory Services LLC raised its holdings in shares of SPDR NYSE Technology ETF by 5.2% during the first quarter. Summit Investment Advisory Services LLC now owns 1,052 shares of the company’s stock worth $268,000 after purchasing an additional 52 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.