SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sets New 52-Week High – Still a Buy?

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $207.31 and last traded at $207.31, with a volume of 2668 shares changing hands. The stock had previously closed at $204.71.

SPDR NYSE Technology ETF Trading Up 1.5 %

The stock’s 50-day moving average price is $194.34 and its two-hundred day moving average price is $189.53. The stock has a market capitalization of $906.01 million, a P/E ratio of 42.29 and a beta of 1.53.

Institutional Trading of SPDR NYSE Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of XNTK. GoalVest Advisory LLC grew its stake in SPDR NYSE Technology ETF by 10.4% during the third quarter. GoalVest Advisory LLC now owns 26,260 shares of the company’s stock valued at $5,187,000 after acquiring an additional 2,478 shares in the last quarter. Apollon Financial LLC purchased a new stake in SPDR NYSE Technology ETF in the third quarter worth about $200,000. Axxcess Wealth Management LLC boosted its position in SPDR NYSE Technology ETF by 15.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 3,525 shares of the company’s stock valued at $696,000 after acquiring an additional 465 shares in the last quarter. 17 Capital Partners LLC raised its position in shares of SPDR NYSE Technology ETF by 30.1% in the 3rd quarter. 17 Capital Partners LLC now owns 2,530 shares of the company’s stock valued at $500,000 after purchasing an additional 585 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV lifted its holdings in shares of SPDR NYSE Technology ETF by 11.4% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,755 shares of the company’s stock worth $347,000 after purchasing an additional 180 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.