SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sets New 1-Year High – Here’s What Happened

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high on Friday . The stock traded as high as $347.36 and last traded at $347.36, with a volume of 176 shares traded. The stock had previously closed at $341.29.

SPDR NYSE Technology ETF Trading Up 1.7%

The stock has a market cap of $2.03 billion, a P/E ratio of 31.16 and a beta of 1.41. The firm has a 50-day simple moving average of $292.69 and a two-hundred day simple moving average of $282.51.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XNTK. Royal Bank of Canada increased its position in SPDR NYSE Technology ETF by 52.6% during the 1st quarter. Royal Bank of Canada now owns 19,737 shares of the company’s stock worth $3,786,000 after buying an additional 6,800 shares during the period. Qube Research & Technologies Ltd increased its position in SPDR NYSE Technology ETF by 351.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after buying an additional 116 shares during the period. Quantinno Capital Management LP bought a new position in SPDR NYSE Technology ETF during the 2nd quarter worth $303,000. Raymond James Financial Inc. increased its position in SPDR NYSE Technology ETF by 17.6% during the 2nd quarter. Raymond James Financial Inc. now owns 8,899 shares of the company’s stock worth $2,112,000 after buying an additional 1,333 shares during the period. Finally, Ameriprise Financial Inc. increased its position in SPDR NYSE Technology ETF by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 39,182 shares of the company’s stock worth $9,295,000 after buying an additional 1,353 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.