SPDR NYSE Technology ETF (NYSEARCA:XNTK) Hits New 12-Month Low – Here’s Why

SPDR NYSE Technology ETF (NYSEARCA:XNTK)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $159.43 and last traded at $168.16, with a volume of 94716 shares traded. The stock had previously closed at $169.28.

SPDR NYSE Technology ETF Stock Up 0.1 %

The stock has a market cap of $728.76 million, a P/E ratio of 28.85 and a beta of 1.27. The firm’s 50-day moving average is $205.90 and its two-hundred day moving average is $204.83.

SPDR NYSE Technology ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.1046 per share. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Large investors have recently bought and sold shares of the business. GoalVest Advisory LLC lifted its position in shares of SPDR NYSE Technology ETF by 1.9% in the first quarter. GoalVest Advisory LLC now owns 27,287 shares of the company’s stock worth $5,234,000 after buying an additional 501 shares during the last quarter. GAMMA Investing LLC lifted its holdings in SPDR NYSE Technology ETF by 19,081.0% in the 1st quarter. GAMMA Investing LLC now owns 422,941 shares of the company’s stock worth $81,124,000 after purchasing an additional 420,736 shares during the last quarter. Global Wealth Strategies & Associates boosted its position in SPDR NYSE Technology ETF by 400.0% during the first quarter. Global Wealth Strategies & Associates now owns 2,000 shares of the company’s stock worth $384,000 after purchasing an additional 1,600 shares during the period. Mascagni Wealth Management Inc. acquired a new position in SPDR NYSE Technology ETF during the fourth quarter valued at approximately $93,000. Finally, EP Wealth Advisors LLC bought a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at approximately $1,086,000.

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.