SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 1-Year High – What’s Next?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $364.12 and last traded at $359.50, with a volume of 73330 shares changing hands. The stock had previously closed at $360.56.

SPDR NYSE Technology ETF Stock Performance

The company has a market capitalization of $2.09 billion, a PE ratio of 31.16 and a beta of 1.41. The company has a 50 day moving average price of $299.66 and a 200 day moving average price of $284.45.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in XNTK. Auto Owners Insurance Co boosted its stake in shares of SPDR NYSE Technology ETF by 30,856.8% during the 4th quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock valued at $112,474,711,000 after buying an additional 403,452,508 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of SPDR NYSE Technology ETF during the 1st quarter valued at approximately $67,526,000. Keystone Wealth Services LLC purchased a new position in shares of SPDR NYSE Technology ETF during the 4th quarter valued at approximately $51,033,000. AlTi Global Inc. boosted its stake in shares of SPDR NYSE Technology ETF by 697.7% during the 1st quarter. AlTi Global Inc. now owns 106,824 shares of the company’s stock valued at $27,270,000 after buying an additional 93,433 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of SPDR NYSE Technology ETF by 35.1% during the 4th quarter. Wells Fargo & Company MN now owns 193,410 shares of the company’s stock valued at $53,745,000 after buying an additional 50,254 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.