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

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

SPDR NYSE Technology ETF Stock Performance

The company has a market cap of $2.03 billion, a price-to-earnings ratio of 31.16 and a beta of 1.41. The firm has a fifty day moving average price of $292.69 and a 200 day moving average price of $282.51.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

A number of large investors have recently added to or reduced their stakes in XNTK. Auto Owners Insurance Co raised its stake in SPDR NYSE Technology ETF by 30,856.8% in the 4th quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock valued at $112,474,711,000 after acquiring an additional 403,452,508 shares during the period. Global Assets Advisory LLC bought a new position in SPDR NYSE Technology ETF during the 1st quarter worth $67,526,000. Keystone Wealth Services LLC bought a new position in SPDR NYSE Technology ETF during the 4th quarter worth $51,033,000. AlTi Global Inc. increased its position in SPDR NYSE Technology ETF by 697.7% during the 1st quarter. AlTi Global Inc. now owns 106,824 shares of the company’s stock worth $27,270,000 after buying an additional 93,433 shares during the period. Finally, Wells Fargo & Company MN increased its position in SPDR NYSE Technology ETF by 35.1% during the 4th quarter. Wells Fargo & Company MN now owns 193,410 shares of the company’s stock worth $53,745,000 after buying an additional 50,254 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.