SPDR NYSE Technology ETF (NYSEARCA:XNTK) Reaches New 12-Month High – Here’s What Happened

SPDR NYSE Technology ETF (NYSEARCA:XNTK) shares 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. The stock had previously closed at $212.84.

SPDR NYSE Technology ETF Trading Down 0.1 %

The company has a market capitalization of $943.94 million, a PE ratio of 42.29 and a beta of 1.53. The business has a fifty day moving average of $207.09 and a 200 day moving average of $197.61.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in SPDR NYSE Technology ETF by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 14,084 shares of the company’s stock worth $2,750,000 after buying an additional 2,178 shares in the last quarter. Goodman Advisory Group LLC increased its position in shares of SPDR NYSE Technology ETF by 4.2% during the second 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 period. Silver Lake Advisory LLC acquired a new stake in shares of SPDR NYSE Technology ETF in the second quarter valued at $560,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of SPDR NYSE Technology ETF by 17.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 79,674 shares of the company’s stock valued at $15,557,000 after acquiring an additional 11,816 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings 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.

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.