SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw unusually-strong trading volume on Tuesday . Approximately 12,241 shares changed hands during mid-day trading, a decline of 26% from the previous session’s volume of 16,649 shares.The stock last traded at $208.40 and had previously closed at $206.97.

SPDR NYSE Technology ETF Trading Down 0.2 %

The stock has a 50 day simple moving average of $207.84 and a 200-day simple moving average of $197.86. The firm has a market cap of $915.73 million, a PE ratio of 42.29 and a beta of 1.53.

Institutional Trading of SPDR NYSE Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management bought a new position in SPDR NYSE Technology ETF in the 4th quarter worth approximately $121,000. 17 Capital Partners LLC grew its stake in SPDR NYSE Technology ETF by 8.1% during the fourth quarter. 17 Capital Partners LLC now owns 2,735 shares of the company’s stock valued at $552,000 after acquiring an additional 205 shares in the last quarter. VAUGHAN & Co SECURITIES INC. bought a new stake in SPDR NYSE Technology ETF in the 4th quarter valued at $202,000. Avior Wealth Management LLC bought a new stake in SPDR NYSE Technology ETF in the 4th quarter valued at $89,000. Finally, GoalVest Advisory LLC lifted its stake in SPDR NYSE Technology ETF by 2.0% in the 4th quarter. GoalVest Advisory LLC now owns 26,786 shares of the company’s stock worth $5,406,000 after purchasing an additional 526 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.