SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 12-Month High – Time to Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK) hit a new 52-week high on Tuesday . The company traded as high as $343.43 and last traded at $342.71, with a volume of 42878 shares. The stock had previously closed at $340.68.

SPDR NYSE Technology ETF Stock Up 1.2%

The business’s 50 day moving average is $284.28 and its two-hundred day moving average is $280.53. The firm has a market cap of $1.97 billion, a P/E ratio of 31.16 and a beta of 1.41.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. bought a new stake in SPDR NYSE Technology ETF in the fourth quarter valued at $25,000. Allspring Global Investments Holdings LLC bought a new stake in shares of SPDR NYSE Technology ETF during the fourth quarter worth about $28,000. Qube Research & Technologies Ltd increased its position in shares of SPDR NYSE Technology ETF by 351.5% during the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after acquiring an additional 116 shares in the last quarter. Realta Investment Advisors increased its position in shares of SPDR NYSE Technology ETF by 41.7% during the fourth quarter. Realta Investment Advisors now owns 170 shares of the company’s stock worth $47,000 after acquiring an additional 50 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in shares of SPDR NYSE Technology ETF during the third quarter worth about $54,000.

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.