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

Shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) hit a new 52-week high during trading on Thursday . The stock traded as high as $577.41 and last traded at $577.22, with a volume of 68477 shares trading hands. The stock had previously closed at $563.62.

SPDR S&P Semiconductor ETF Price Performance

The firm has a fifty day simple moving average of $413.42 and a 200 day simple moving average of $364.88. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 33.47 and a beta of 1.95.

Institutional Investors Weigh In On SPDR S&P Semiconductor ETF

Several hedge funds have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of SPDR S&P Semiconductor ETF in the first quarter valued at approximately $61,000. Royal Bank of Canada boosted its position in shares of SPDR S&P Semiconductor ETF by 64.1% in the first quarter. Royal Bank of Canada now owns 26,453 shares of the company’s stock valued at $8,627,000 after acquiring an additional 10,336 shares during the period. Gateway Wealth Partners LLC boosted its position in shares of SPDR S&P Semiconductor ETF by 88.6% in the first quarter. Gateway Wealth Partners LLC now owns 1,794 shares of the company’s stock valued at $585,000 after acquiring an additional 843 shares during the period. MWA Asset Management bought a new stake in shares of SPDR S&P Semiconductor ETF in the first quarter valued at approximately $82,000. Finally, Hanover Advisors Inc. bought a new stake in shares of SPDR S&P Semiconductor ETF in the first quarter valued at approximately $321,000.

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.