SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 1-Year High at $198.89

SPDR NYSE Technology ETF (NYSEARCA:XNTK) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $198.89 and last traded at $198.74, with a volume of 4382 shares changing hands. The stock had previously closed at $197.79.

SPDR NYSE Technology ETF Trading Up 1.1 %

The firm has a 50 day moving average price of $186.95 and a 200-day moving average price of $178.57. The firm has a market cap of $872.12 million, a PE ratio of 42.29 and a beta of 1.53.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in XNTK. Win Advisors Inc. purchased a new position in shares of SPDR NYSE Technology ETF in the 1st quarter valued at about $12,066,000. SMI Advisory Services LLC purchased a new position in shares of SPDR NYSE Technology ETF in the 4th quarter valued at about $4,857,000. Private Advisor Group LLC boosted its stake in shares of SPDR NYSE Technology ETF by 59.4% in the 1st quarter. Private Advisor Group LLC now owns 38,204 shares of the company’s stock valued at $6,968,000 after buying an additional 14,241 shares during the period. Wells Fargo & Company MN increased its holdings in shares of 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. Finally, Fulcrum Equity Management acquired a new stake in shares of SPDR NYSE Technology ETF during the 4th quarter worth about $1,182,000.

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.