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

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s share price reached a new 52-week high on Monday . The stock traded as high as $213.16 and last traded at $213.16, with a volume of 2027 shares. The stock had previously closed at $211.43.

SPDR NYSE Technology ETF Trading Up 1.3 %

The company has a market capitalization of $933.56 million, a P/E ratio of 42.29 and a beta of 1.53. The company has a 50 day moving average price of $203.87 and a 200 day moving average price of $194.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR NYSE Technology ETF by 17.4% during the second 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 period. Private Advisor Group LLC increased its stake in SPDR NYSE Technology ETF by 3.3% during the 2nd quarter. Private Advisor Group LLC now owns 39,469 shares of the company’s stock worth $7,706,000 after acquiring an additional 1,265 shares during the period. Axiom Advisory LLC increased its stake in SPDR NYSE Technology ETF by 1.7% during the 3rd quarter. Axiom Advisory LLC now owns 28,160 shares of the company’s stock worth $5,316,000 after acquiring an additional 483 shares during the period. GoalVest Advisory LLC raised its holdings in SPDR NYSE Technology ETF by 10.4% in the 3rd quarter. GoalVest Advisory LLC now owns 26,260 shares of the company’s stock valued at $5,187,000 after acquiring an additional 2,478 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of SPDR NYSE Technology ETF by 297.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,786 shares of the company’s stock valued at $3,668,000 after acquiring an additional 14,060 shares during the period.

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.