SPDR NYSE Technology ETF (NYSEARCA:XNTK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

SPDR NYSE Technology ETF (NYSEARCA:XNTK) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $330.44 and traded as high as $336.91. SPDR NYSE Technology ETF shares last traded at $332.38, with a volume of 85,610 shares changing hands.

SPDR NYSE Technology ETF Price Performance

The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 27.84 and a beta of 1.49. The business’s 50-day simple moving average is $358.93 and its two-hundred day simple moving average is $330.85.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

A number of hedge funds have recently made changes to their positions in the business. AlTi Global Inc. lifted its holdings in shares of SPDR NYSE Technology ETF by 15.0% during the 3rd quarter. AlTi Global Inc. now owns 172,965 shares of the company’s stock valued at $66,106,000 after acquiring an additional 22,531 shares in the last quarter. Melone Private Wealth LLC purchased a new stake in SPDR NYSE Technology ETF during the 2nd quarter worth $66,253,000. Envestnet Asset Management Inc. increased its holdings in SPDR NYSE Technology ETF by 231.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 164,791 shares of the company’s stock valued at $64,376,000 after purchasing an additional 115,103 shares in the last quarter. NorthRock Partners LLC acquired a new stake in SPDR NYSE Technology ETF in the 2nd quarter valued at $64,063,000. Finally, State Street Corp acquired a new stake in SPDR NYSE Technology ETF in the 2nd quarter valued at $41,031,000.

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.