SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sets New 1-Year High at $197.83

SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high on Tuesday . The stock traded as high as $197.83 and last traded at $197.58, with a volume of 5422 shares changing hands. The stock had previously closed at $196.86.

SPDR NYSE Technology ETF Price Performance

The stock has a market capitalization of $862.80 million, a price-to-earnings ratio of 42.29 and a beta of 1.53. The stock has a 50 day moving average price of $182.18 and a 200-day moving average price of $175.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of SPDR NYSE Technology ETF by 12.4% in the third quarter. LPL Financial LLC now owns 116,470 shares of the company’s stock worth $15,910,000 after buying an additional 12,894 shares in the last quarter. Wells Fargo & Company MN raised its holdings in SPDR NYSE Technology ETF by 11.0% in the 4th quarter. Wells Fargo & Company MN now owns 109,454 shares of the company’s stock valued at $17,966,000 after acquiring an additional 10,862 shares during the last quarter. Win Advisors Inc. purchased a new position in SPDR NYSE Technology ETF in the 1st quarter worth approximately $12,066,000. Private Advisor Group LLC boosted its holdings in shares of SPDR NYSE Technology ETF by 59.4% during the 1st quarter. Private Advisor Group LLC now owns 38,204 shares of the company’s stock worth $6,968,000 after purchasing an additional 14,241 shares during the last quarter. Finally, SMI Advisory Services LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the fourth quarter valued at approximately $4,857,000.

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.