SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 1-Year High – Should You Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $216.39 and last traded at $216.99, with a volume of 960 shares traded. The stock had previously closed at $212.84.

SPDR NYSE Technology ETF Stock Down 0.1 %

The company’s 50-day moving average is $207.09 and its 200-day moving average is $197.61. The stock has a market capitalization of $943.94 million, a price-to-earnings ratio of 42.29 and a beta of 1.53.

Institutional Trading of SPDR NYSE Technology ETF

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in SPDR NYSE Technology ETF by 18.3% in the second quarter. Envestnet Asset Management Inc. now owns 14,084 shares of the company’s stock valued at $2,750,000 after buying an additional 2,178 shares during the last quarter. Goodman Advisory Group LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 4.2% in the 2nd quarter. Goodman Advisory Group LLC now owns 4,346 shares of the company’s stock worth $849,000 after acquiring an additional 176 shares during the last quarter. Silver Lake Advisory LLC purchased a new position in shares of SPDR NYSE Technology ETF during the 2nd quarter worth approximately $560,000. Northwestern Mutual Wealth Management Co. increased 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 valued at $15,557,000 after purchasing an additional 11,816 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in SPDR NYSE Technology ETF by 2.3% in the second quarter. Cetera Investment Advisers now owns 7,823 shares of the company’s stock valued at $1,527,000 after purchasing an additional 178 shares during the period.

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.