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

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

SPDR S&P Semiconductor ETF Price Performance

The company has a fifty day moving average price of $330.61 and a two-hundred day moving average price of $312.07. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 33.47 and a beta of 1.60.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

Large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings 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 purchasing an additional 7,852 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 worth $13,326,000 after buying an additional 10,760 shares during the last quarter. Empowered Funds LLC acquired a new position in SPDR S&P Semiconductor ETF in the first quarter worth approximately $939,000. Jane Street Group LLC increased its holdings in shares of SPDR S&P Semiconductor ETF by 529.6% in the first quarter. Jane Street Group LLC now owns 6,460 shares of the company’s stock valued at $1,297,000 after buying an additional 5,434 shares in the last quarter. Finally, Focus Partners Wealth lifted its position 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 acquiring an additional 1,216 shares during the last quarter.

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.