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

SPDR S&P Semiconductor ETF (NYSEARCA:XSD)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $358.86 and last traded at $356.4590, with a volume of 4525 shares traded. The stock had previously closed at $350.92.

SPDR S&P Semiconductor ETF Stock Performance

The company has a market capitalization of $1.75 billion, a PE ratio of 33.47 and a beta of 1.60. The stock’s fifty day simple moving average is $326.97 and its 200-day simple moving average is $308.42.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

Institutional investors and hedge funds have recently modified their holdings of the company. MMA Asset Management LLC purchased a new stake in SPDR S&P Semiconductor ETF in the 3rd quarter worth approximately $32,000. CIBC Private Wealth Group LLC acquired a new stake in shares of SPDR S&P Semiconductor ETF during the third quarter worth $32,000. Bessemer Group Inc. grew its position in shares of SPDR S&P Semiconductor ETF by 98.2% in the third quarter. Bessemer Group Inc. now owns 111 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Sunbelt Securities Inc. grew its position in shares of SPDR S&P Semiconductor ETF by 120.0% in the third quarter. Sunbelt Securities Inc. now owns 110 shares of the company’s stock valued at $35,000 after purchasing an additional 60 shares during the period. Finally, Root Financial Partners LLC acquired a new position in SPDR S&P Semiconductor ETF in the third quarter valued at $38,000.

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.