SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $329.19 and traded as low as $322.57. SPDR NYSE Technology ETF shares last traded at $323.35, with a volume of 80,888 shares trading hands.
SPDR NYSE Technology ETF Trading Down 3.0%
The stock’s 50 day moving average is $365.24 and its two-hundred day moving average is $329.19. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. bought a new position in shares of SPDR NYSE Technology ETF during the third quarter worth about $25,000. Integrity Financial Corp WA acquired a new stake in SPDR NYSE Technology ETF in the 2nd quarter valued at approximately $45,000. Heritage Family Offices LLP bought a new stake in SPDR NYSE Technology ETF in the 3rd quarter valued at approximately $57,000. Ashton Thomas Securities LLC bought a new stake in SPDR NYSE Technology ETF in the 3rd quarter valued at approximately $59,000. Finally, Beacon Investment Advisory Services Inc. lifted its stake in SPDR NYSE Technology ETF by 55.3% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 191 shares of the company’s stock valued at $75,000 after acquiring an additional 68 shares in the last quarter.
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.
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