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

Shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) hit a new 52-week high during trading on Wednesday . The company traded as high as $360.69 and last traded at $363.1460, with a volume of 4495 shares trading hands. The stock had previously closed at $350.85.

SPDR S&P Semiconductor ETF Stock Performance

The company’s fifty day moving average is $328.86 and its two-hundred day moving average is $311.36. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 33.47 and a beta of 1.60.

Institutional Investors Weigh In On SPDR S&P Semiconductor ETF

Several hedge funds have recently modified their holdings of the stock. MMA Asset Management LLC purchased a new position in SPDR S&P Semiconductor ETF in the 3rd quarter worth approximately $32,000. CIBC Private Wealth Group LLC acquired a new position in shares of SPDR S&P Semiconductor ETF during the third quarter worth $32,000. Bessemer Group Inc. boosted its stake in shares of SPDR S&P Semiconductor ETF by 98.2% in the third quarter. Bessemer Group Inc. now owns 111 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of SPDR S&P Semiconductor ETF by 120.0% in the third quarter. Sunbelt Securities Inc. now owns 110 shares of the company’s stock valued at $35,000 after purchasing an additional 60 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in SPDR S&P Semiconductor ETF during the 3rd quarter worth $38,000.

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.