SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Reaches New 52-Week High – Still a Buy?

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) hit a new 52-week high on Wednesday . The company traded as high as $371.99 and last traded at $362.5490, with a volume of 7484 shares changing hands. The stock had previously closed at $360.49.

SPDR S&P Semiconductor ETF Stock Up 2.3%

The firm has a market capitalization of $1.82 billion, a P/E ratio of 33.47 and a beta of 1.60. The business’s 50-day simple moving average is $342.47 and its 200 day simple moving average is $320.77.

Institutional Trading of SPDR S&P Semiconductor ETF

Several hedge funds have recently added to or reduced their stakes in XSD. PNC Financial Services Group Inc. grew its stake in shares of SPDR S&P Semiconductor ETF by 0.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 78,094 shares of the company’s stock valued at $25,115,000 after buying an additional 504 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in SPDR S&P Semiconductor ETF by 47.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 75,597 shares of the company’s stock valued at $19,391,000 after acquiring an additional 24,465 shares during the period. Goldman Sachs Group Inc. grew its position in SPDR S&P Semiconductor ETF by 19.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,372 shares of the company’s stock worth $13,326,000 after acquiring an additional 10,760 shares during the last quarter. Cetera Investment Advisers increased its stake in SPDR S&P Semiconductor ETF by 8.2% in the 2nd quarter. Cetera Investment Advisers now owns 48,939 shares of the company’s stock worth $12,553,000 after purchasing an additional 3,690 shares during the period. Finally, Royal Bank of Canada increased its stake in 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 purchasing an additional 7,852 shares during the period.

SPDR S&P Semiconductor ETF Company 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.