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

SPDR NYSE Technology ETF (NYSEARCA:XNTK) shares saw unusually-strong trading volume on Tuesday . Approximately 40,715 shares were traded during trading, an increase of 115% from the previous session’s volume of 18,949 shares.The stock last traded at $196.44 and had previously closed at $195.80.

SPDR NYSE Technology ETF Price Performance

The firm has a fifty day simple moving average of $186.34 and a 200-day simple moving average of $178.42. The firm has a market cap of $872.12 million, a P/E ratio of 42.29 and a beta of 1.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XNTK. Win Advisors Inc. bought a new position in shares of SPDR NYSE Technology ETF in the first quarter valued at approximately $12,066,000. SMI Advisory Services LLC bought a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at approximately $4,857,000. Private Advisor Group LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 59.4% in the first quarter. Private Advisor Group LLC now owns 38,204 shares of the company’s stock valued at $6,968,000 after purchasing an additional 14,241 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of SPDR NYSE Technology ETF by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 109,454 shares of the company’s stock valued at $17,966,000 after purchasing an additional 10,862 shares in the last quarter. Finally, Fulcrum Equity Management bought a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at approximately $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.