SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 1-Year High – Still a Buy?

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s share price hit a new 52-week high on Wednesday . The company traded as high as $210.18 and last traded at $210.18, with a volume of 209 shares changing hands. The stock had previously closed at $208.44.

SPDR NYSE Technology ETF Stock Up 1.4 %

The stock has a fifty day moving average of $201.63 and a two-hundred day moving average of $193.35. The stock has a market cap of $921.49 million, a price-to-earnings ratio of 42.29 and a beta of 1.53.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its position in shares of SPDR NYSE Technology ETF by 2.7% during the third quarter. IHT Wealth Management LLC now owns 3,614 shares of the company’s stock worth $714,000 after buying an additional 95 shares during the period. Captrust Financial Advisors increased its holdings in shares of SPDR NYSE Technology ETF by 1.7% in the third quarter. Captrust Financial Advisors now owns 4,958 shares of the company’s stock valued at $979,000 after buying an additional 82 shares in the last quarter. FMR LLC increased its holdings in shares of SPDR NYSE Technology ETF by 15.2% in the third quarter. FMR LLC now owns 1,283 shares of the company’s stock valued at $253,000 after buying an additional 169 shares in the last quarter. Gentry Private Wealth LLC raised its stake in SPDR NYSE Technology ETF by 6.7% during the 3rd quarter. Gentry Private Wealth LLC now owns 9,525 shares of the company’s stock valued at $1,881,000 after purchasing an additional 598 shares during the period. Finally, Great Valley Advisor Group Inc. raised its stake in SPDR NYSE Technology ETF by 16.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,569 shares of the company’s stock valued at $507,000 after purchasing an additional 368 shares during the period.

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.