SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Unusually-High Trading Volume

SPDR NYSE Technology ETF (NYSEARCA:XNTK) shares saw an uptick in trading volume on Friday . 26,128 shares were traded during trading, an increase of 142% from the previous session’s volume of 10,807 shares.The stock last traded at $145.81 and had previously closed at $145.59.

SPDR NYSE Technology ETF Price Performance

The company has a market cap of $553.23 million, a P/E ratio of 17.10 and a beta of 1.23. The stock has a 50-day moving average of $141.43 and a 200 day moving average of $128.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XNTK. Auto Owners Insurance Co acquired a new position in SPDR NYSE Technology ETF during the fourth quarter worth about $115,672,000. Empowered Funds LLC bought a new position in SPDR NYSE Technology ETF in the 1st quarter valued at approximately $4,482,000. Ameriprise Financial Inc. boosted its position in SPDR NYSE Technology ETF by 110.4% in the first quarter. Ameriprise Financial Inc. now owns 44,215 shares of the company’s stock valued at $5,340,000 after buying an additional 23,202 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of SPDR NYSE Technology ETF during the third quarter worth $1,817,000. Finally, SFG Wealth Management LLC. bought a new position in shares of SPDR NYSE Technology ETF in the 2nd quarter valued at $1,560,000.

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.