SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 52-Week High – Here’s What Happened

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $391.95 and last traded at $391.94, with a volume of 30850 shares trading hands. The stock had previously closed at $379.92.

SPDR NYSE Technology ETF Stock Up 2.8%

The firm has a market cap of $2.27 billion, a PE ratio of 31.16 and a beta of 1.44. The stock has a 50 day moving average price of $348.44 and a two-hundred day moving average price of $300.28.

Institutional Trading of SPDR NYSE Technology ETF

Several large investors have recently bought and sold shares of XNTK. Pinion Investment Advisors LLC lifted its stake in shares of SPDR NYSE Technology ETF by 10.1% during the fourth quarter. Pinion Investment Advisors LLC now owns 20,823 shares of the company’s stock worth $5,786,000 after buying an additional 1,911 shares during the period. Gentry Private Wealth LLC grew its holdings in shares of SPDR NYSE Technology ETF by 42.0% during the fourth quarter. Gentry Private Wealth LLC now owns 17,574 shares of the company’s stock valued at $4,883,000 after buying an additional 5,200 shares during the last quarter. Elevation Capital Advisory LLC acquired a new position in shares of SPDR NYSE Technology ETF in the 4th quarter valued at $722,000. Aurora Private Wealth Inc. acquired a new position in shares of SPDR NYSE Technology ETF in the 4th quarter valued at $995,000. Finally, UBS Group AG raised its stake in SPDR NYSE Technology ETF by 63.2% in the 4th quarter. UBS Group AG now owns 75,060 shares of the company’s stock worth $20,858,000 after acquiring an additional 29,074 shares during the last quarter.

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.