SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sees Strong Trading Volume – Here’s Why

Shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) saw strong trading volume on Monday . 101,298 shares traded hands during mid-day trading, an increase of 71% from the previous session’s volume of 59,342 shares.The stock last traded at $530.71 and had previously closed at $549.57.

SPDR S&P Semiconductor ETF Price Performance

The firm’s 50-day moving average price is $408.77 and its 200-day moving average price is $363.36. The stock has a market cap of $2.76 billion, a P/E ratio of 33.47 and a beta of 1.95.

Institutional Investors Weigh In On SPDR S&P Semiconductor ETF

Several hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of SPDR S&P Semiconductor ETF by 27.9% in the 1st quarter. Royal Bank of Canada now owns 35,986 shares of the company’s stock worth $7,225,000 after buying an additional 7,852 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in SPDR S&P Semiconductor ETF by 19.3% in the first 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 purchased a new position in SPDR S&P Semiconductor ETF in the first quarter worth $939,000. Jane Street Group LLC increased its position in shares of SPDR S&P Semiconductor ETF by 529.6% during the first quarter. Jane Street Group LLC now owns 6,460 shares of the company’s stock worth $1,297,000 after purchasing an additional 5,434 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of 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 purchasing an additional 1,216 shares during 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.