SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 52-Week High – Still a Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $205.66 and last traded at $205.66, with a volume of 1185 shares trading hands. The stock had previously closed at $203.59.

SPDR NYSE Technology ETF Stock Up 0.6 %

The company’s 50-day simple moving average is $188.80 and its 200 day simple moving average is $187.00. The company has a market capitalization of $893.02 million, a P/E ratio of 42.29 and a beta of 1.53.

Institutional Trading of SPDR NYSE Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in XNTK. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR NYSE Technology ETF by 17.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 79,674 shares of the company’s stock worth $15,557,000 after purchasing an additional 11,816 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of SPDR NYSE Technology ETF by 3.3% in the second quarter. Private Advisor Group LLC now owns 39,469 shares of the company’s stock worth $7,706,000 after buying an additional 1,265 shares during the last quarter. Axiom Advisory LLC lifted its stake in shares of SPDR NYSE Technology ETF by 1.7% in the third quarter. Axiom Advisory LLC now owns 28,160 shares of the company’s stock worth $5,316,000 after buying an additional 483 shares during the last quarter. SMI Advisory Services LLC bought a new stake in shares of SPDR NYSE Technology ETF during the 2nd quarter worth $5,576,000. Finally, GoalVest Advisory LLC grew its stake in SPDR NYSE Technology ETF by 1,151.7% in the 2nd quarter. GoalVest Advisory LLC now owns 23,782 shares of the company’s stock valued at $4,643,000 after buying an additional 21,882 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.