SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Reaches New 12-Month High – Here’s Why

SPDR S&P Semiconductor ETF (NYSEARCA:XSD)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $371.99 and last traded at $362.5490, with a volume of 7484 shares changing hands. The stock had previously closed at $360.49.

SPDR S&P Semiconductor ETF Price Performance

The company has a market cap of $1.79 billion, a PE ratio of 33.47 and a beta of 1.60. The company has a 50-day moving average price of $343.52 and a two-hundred day moving average price of $321.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. MMA Asset Management LLC purchased a new position in SPDR S&P Semiconductor ETF in the third quarter valued at about $32,000. CIBC Private Wealth Group LLC purchased a new stake in SPDR S&P Semiconductor ETF during the 3rd quarter worth approximately $32,000. Valley National Advisers Inc. purchased a new stake in SPDR S&P Semiconductor ETF during the 4th quarter worth approximately $33,000. Strategic Advocates LLC grew its position in shares of SPDR S&P Semiconductor ETF by 71.0% during the fourth quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock worth $34,000 after buying an additional 44 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of SPDR S&P Semiconductor ETF in the fourth quarter worth $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.