PNC Financial Services Group Inc. Lowers Stock Holdings in SPDR S&P Semiconductor ETF $XSD

PNC Financial Services Group Inc. cut its stake in shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) by 9.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 67,337 shares of the company’s stock after selling 6,807 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Semiconductor ETF were worth $17,273,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in SPDR S&P Semiconductor ETF by 16.5% in the first quarter. Avantax Advisory Services Inc. now owns 4,328 shares of the company’s stock worth $869,000 after purchasing an additional 612 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of SPDR S&P Semiconductor ETF by 19.5% during the first quarter. Cetera Investment Advisers now owns 45,249 shares of the company’s stock valued at $9,085,000 after acquiring an additional 7,390 shares during the period. AGP Franklin LLC grew its position in shares of SPDR S&P Semiconductor ETF by 4.1% during the first quarter. AGP Franklin LLC now owns 1,982 shares of the company’s stock worth $398,000 after acquiring an additional 78 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of SPDR S&P Semiconductor ETF in the 1st quarter worth about $462,000. Finally, Modera Wealth Management LLC lifted its position in SPDR S&P Semiconductor ETF by 10.0% in the 1st quarter. Modera Wealth Management LLC now owns 1,436 shares of the company’s stock valued at $288,000 after purchasing an additional 130 shares during the last quarter.

SPDR S&P Semiconductor ETF Stock Down 0.4%

Shares of XSD opened at $309.99 on Friday. SPDR S&P Semiconductor ETF has a 52-week low of $156.77 and a 52-week high of $358.86. The firm has a market capitalization of $1.61 billion, a PE ratio of 33.47 and a beta of 1.60. The firm has a 50-day moving average price of $327.84 and a 200 day moving average price of $278.67.

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.