SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Hits New 1-Year High – What’s Next?

SPDR S&P Semiconductor ETF (NYSEARCA:XSD)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $374.05 and last traded at $370.51, with a volume of 10862 shares. The stock had previously closed at $364.29.

SPDR S&P Semiconductor ETF Stock Performance

The stock has a fifty day simple moving average of $343.96 and a 200 day simple moving average of $337.40. The firm has a market cap of $1.84 billion, a P/E ratio of 33.47 and a beta of 1.65.

Institutional Investors Weigh In On SPDR S&P Semiconductor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in XSD. MMA Asset Management LLC purchased a new stake in shares of SPDR S&P Semiconductor ETF in the third quarter valued at $32,000. CIBC Private Wealth Group LLC purchased a new stake in shares of SPDR S&P Semiconductor ETF in the third quarter worth approximately $32,000. Valley National Advisers Inc. purchased a new stake in shares of SPDR S&P Semiconductor ETF in the fourth quarter worth approximately $33,000. Strategic Advocates LLC raised its holdings in shares of SPDR S&P Semiconductor ETF by 71.0% in the fourth quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock worth $34,000 after buying an additional 44 shares during the period. Finally, Bessemer Group Inc. raised its holdings 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 worth $35,000 after buying an additional 55 shares during the period.

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.