SPDR S&P Semiconductor ETF $XSD Stock: Gerber Kawasaki Wealth & Investment Management Decreases Position

Gerber Kawasaki Wealth & Investment Management lessened its holdings in shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) by 90.7% during the third quarter, HoldingsChannel reports. The fund owned 4,723 shares of the company’s stock after selling 45,988 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Semiconductor ETF were worth $2,502,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of SPDR S&P Semiconductor ETF during the 3rd quarter worth $2,959,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SPDR S&P Semiconductor ETF during the 3rd quarter worth $21,185,000. Vise Technologies Inc. purchased a new position in shares of SPDR S&P Semiconductor ETF in the 3rd quarter valued at about $258,000. Global Assets Advisory LLC increased its holdings in shares of SPDR S&P Semiconductor ETF by 3.4% in the 3rd quarter. Global Assets Advisory LLC now owns 4,443 shares of the company’s stock valued at $2,455,000 after purchasing an additional 148 shares in the last quarter. Finally, Modera Wealth Management LLC acquired a new stake in shares of SPDR S&P Semiconductor ETF in the third quarter valued at about $773,000.

SPDR S&P Semiconductor ETF Stock Down 2.6%

Shares of NYSEARCA XSD opened at $440.17 on Tuesday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 33.47 and a beta of 2.03. SPDR S&P Semiconductor ETF has a 52 week low of $280.83 and a 52 week high of $658.14. The firm has a 50-day moving average price of $498.30 and a 200 day moving average price of $470.38.

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.