Bank of America Corp DE Trims Holdings in SPDR S&P Semiconductor ETF (NYSEARCA:XSD)

Bank of America Corp DE cut its stake in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,267 shares of the company’s stock after selling 8,117 shares during the quarter. Bank of America Corp DE owned about 1.82% of SPDR S&P Semiconductor ETF worth $28,638,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in SPDR S&P Semiconductor ETF by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 2,269 shares of the company’s stock valued at $545,000 after buying an additional 244 shares during the period. IFP Advisors Inc boosted its stake in SPDR S&P Semiconductor ETF by 58.0% during the fourth quarter. IFP Advisors Inc now owns 354 shares of the company’s stock valued at $88,000 after buying an additional 130 shares during the period. Truist Financial Corp boosted its stake in SPDR S&P Semiconductor ETF by 1.5% during the fourth quarter. Truist Financial Corp now owns 15,657 shares of the company’s stock valued at $3,890,000 after buying an additional 233 shares during the period. Avantax Advisory Services Inc. boosted its stake in SPDR S&P Semiconductor ETF by 8.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,716 shares of the company’s stock valued at $923,000 after buying an additional 280 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in SPDR S&P Semiconductor ETF during the fourth quarter valued at $227,000.

SPDR S&P Semiconductor ETF Stock Performance

NYSEARCA:XSD opened at $235.59 on Friday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.03 and a beta of 1.49. SPDR S&P Semiconductor ETF has a 52-week low of $156.78 and a 52-week high of $273.98. The stock has a fifty day moving average of $199.17 and a 200 day moving average of $229.80.

SPDR S&P Semiconductor ETF Profile

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.