SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Large Volume Increase – What’s Next?

Shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw strong trading volume on Friday . 60,828 shares traded hands during trading, an increase of 485% from the previous session’s volume of 10,405 shares.The stock last traded at $200.78 and had previously closed at $205.61.

SPDR NYSE Technology ETF Stock Performance

The stock’s 50 day moving average price is $206.46 and its 200 day moving average price is $196.93. The company has a market capitalization of $882.68 million, a P/E ratio of 42.29 and a beta of 1.53.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Global Wealth Strategies & Associates acquired a new position in SPDR NYSE Technology ETF during the fourth quarter worth $81,000. Fortitude Family Office LLC acquired a new position in SPDR NYSE Technology ETF during the fourth quarter worth $202,000. Apollon Financial LLC acquired a new position in SPDR NYSE Technology ETF during the third quarter worth $200,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the second quarter valued at about $205,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the third quarter valued at about $242,000.

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.