SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Strong Trading Volume

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw unusually-strong trading volume on Monday . Approximately 62,025 shares traded hands during trading, an increase of 174% from the previous session’s volume of 22,604 shares.The stock last traded at $175.61 and had previously closed at $175.73.

SPDR NYSE Technology ETF Trading Up 0.3 %

The business has a fifty day moving average of $179.34 and a 200 day moving average of $164.96. The company has a market capitalization of $768.36 million, a PE ratio of 43.30 and a beta of 1.53.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Hedge funds have recently bought and sold shares of the stock. Win Advisors Inc. acquired a new stake in shares of SPDR NYSE Technology ETF during the 1st quarter worth about $12,066,000. SMI Advisory Services LLC acquired a new stake in shares of SPDR NYSE Technology ETF during the 4th quarter worth about $4,857,000. Private Advisor Group LLC raised its position in shares of SPDR NYSE Technology ETF by 864.8% during the 3rd quarter. Private Advisor Group LLC now owns 17,251 shares of the company’s stock worth $2,356,000 after acquiring an additional 15,463 shares in the last quarter. LPL Financial LLC raised its position in shares of SPDR NYSE Technology ETF by 12.4% during the 3rd quarter. LPL Financial LLC now owns 116,470 shares of the company’s stock worth $15,910,000 after acquiring an additional 12,894 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of SPDR NYSE Technology ETF by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 109,454 shares of the company’s stock worth $17,966,000 after acquiring an additional 10,862 shares in the last quarter.

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.