SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 1-Year High – Here’s What Happened

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s share price reached a new 52-week high on Friday. The stock traded as high as $392.80 and last traded at $392.3530, with a volume of 1317 shares traded. The stock had previously closed at $385.41.

SPDR NYSE Technology ETF Stock Performance

The stock has a market cap of $2.14 billion, a P/E ratio of 31.16 and a beta of 1.45. The business has a 50 day simple moving average of $359.89 and a 200-day simple moving average of $340.24.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Auto Owners Insurance Co increased its holdings in SPDR NYSE Technology ETF by 30,856.8% in the 4th quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock worth $112,474,711,000 after acquiring an additional 403,452,508 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the 1st quarter valued at about $67,526,000. Melone Private Wealth LLC purchased a new stake in SPDR NYSE Technology ETF in the second quarter valued at approximately $66,253,000. Envestnet Asset Management Inc. raised its position in shares of SPDR NYSE Technology ETF by 231.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 164,791 shares of the company’s stock valued at $64,376,000 after buying an additional 115,103 shares in the last quarter. Finally, NorthRock Partners LLC bought a new stake in SPDR NYSE Technology ETF during the second quarter worth about $64,063,000.

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.