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

SPDR S&P Semiconductor ETF (NYSEARCA:XSD)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $635.13 and last traded at $632.23, with a volume of 137796 shares. The stock had previously closed at $603.93.

SPDR S&P Semiconductor ETF Stock Up 4.7%

The company has a market cap of $3.21 billion, a P/E ratio of 33.47 and a beta of 1.95. The firm has a 50 day moving average of $435.32 and a 200-day moving average of $372.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XSD. Royal Bank of Canada grew its stake in SPDR S&P Semiconductor ETF by 27.9% in the first quarter. Royal Bank of Canada now owns 35,986 shares of the company’s stock worth $7,225,000 after purchasing an additional 7,852 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in SPDR S&P Semiconductor ETF by 19.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,372 shares of the company’s stock valued at $13,326,000 after acquiring an additional 10,760 shares in the last quarter. Empowered Funds LLC bought a new stake in SPDR S&P Semiconductor ETF during the 1st quarter valued at $939,000. Jane Street Group LLC boosted its position in SPDR S&P Semiconductor ETF by 529.6% during the 1st quarter. Jane Street Group LLC now owns 6,460 shares of the company’s stock valued at $1,297,000 after acquiring an additional 5,434 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in SPDR S&P Semiconductor ETF by 62.3% during the 1st quarter. Focus Partners Wealth now owns 3,169 shares of the company’s stock valued at $636,000 after acquiring an additional 1,216 shares in the last quarter.

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.