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

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

SPDR NYSE Technology ETF Trading Up 2.8%

The company has a market capitalization of $2.27 billion, a PE ratio of 31.16 and a beta of 1.44. The firm’s 50-day simple moving average is $348.44 and its 200-day simple moving average is $300.28.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Auto Owners Insurance Co lifted its holdings in shares of 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 worth $112,474,711,000 after buying an additional 403,452,508 shares during the period. Global Assets Advisory LLC purchased a new stake in SPDR NYSE Technology ETF in the first quarter worth about $67,526,000. Keystone Wealth Services LLC bought a new position in SPDR NYSE Technology ETF during the 4th quarter worth about $51,033,000. AlTi Global Inc. grew its holdings 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 acquiring an additional 93,433 shares in the last quarter. 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 valued at $53,745,000 after purchasing an additional 50,254 shares during the period.

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.