SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sets New 52-Week High – Here’s Why

Shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) reached a new 52-week high on Thursday . The stock traded as high as $289.88 and last traded at $288.74, with a volume of 47507 shares traded. The stock had previously closed at $287.91.

SPDR S&P Semiconductor ETF Stock Down 2.4%

The firm has a market cap of $1.39 billion, a P/E ratio of 33.47 and a beta of 1.41. The firm has a fifty day moving average of $269.38 and a 200-day moving average of $234.14.

Institutional Trading of SPDR S&P Semiconductor ETF

Several institutional investors and hedge funds have recently bought and sold shares of XSD. Beacon Pointe Advisors LLC bought a new stake in SPDR S&P Semiconductor ETF in the fourth quarter valued at approximately $211,000. Pennington Partners & CO. LLC bought a new stake in SPDR S&P Semiconductor ETF in the fourth quarter valued at approximately $233,000. BNP Paribas Financial Markets raised its stake in SPDR S&P Semiconductor ETF by 6,358.6% in the fourth quarter. BNP Paribas Financial Markets now owns 51,152 shares of the company’s stock valued at $12,709,000 after buying an additional 50,360 shares during the period. CoreCap Advisors LLC raised its stake in SPDR S&P Semiconductor ETF by 11.5% in the fourth quarter. CoreCap Advisors LLC now owns 19,124 shares of the company’s stock valued at $4,751,000 after buying an additional 1,968 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in SPDR S&P Semiconductor ETF by 10.6% in the fourth quarter. EP Wealth Advisors LLC now owns 3,936 shares of the company’s stock valued at $978,000 after buying an additional 376 shares during the period.

About SPDR S&P Semiconductor ETF

SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.