SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sets New 52-Week High – Here’s Why

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 $635.13 and last traded at $632.23, with a volume of 137796 shares changing hands. The stock had previously closed at $603.93.

SPDR S&P Semiconductor ETF Trading Up 4.7%

The firm has a market cap of $3.21 billion, a P/E ratio of 33.47 and a beta of 1.95. The firm has a 50-day simple moving average of $435.32 and a 200-day simple moving average of $372.26.

Institutional Trading of SPDR S&P Semiconductor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA bought a new stake in SPDR S&P Semiconductor ETF during the 1st quarter valued at $33,000. Western Wealth Management LLC purchased a new stake in shares of SPDR S&P Semiconductor ETF during the 1st quarter valued at $61,000. Royal Bank of Canada lifted its holdings in shares of SPDR S&P Semiconductor ETF by 64.1% during the 1st quarter. Royal Bank of Canada now owns 26,453 shares of the company’s stock valued at $8,627,000 after purchasing an additional 10,336 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of SPDR S&P Semiconductor ETF by 88.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 1,794 shares of the company’s stock valued at $585,000 after purchasing an additional 843 shares during the last quarter. Finally, MWA Asset Management purchased a new stake in shares of SPDR S&P Semiconductor ETF during the 1st quarter valued at $82,000.

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.