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

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

SPDR S&P Semiconductor ETF Stock Up 2.3%

The stock has a market cap of $2.92 billion, a P/E ratio of 33.47 and a beta of 1.95. The firm’s 50-day moving average is $413.42 and its two-hundred day moving average is $364.88.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in SPDR S&P Semiconductor ETF by 27.9% during the first quarter. Royal Bank of Canada now owns 35,986 shares of the company’s stock valued at $7,225,000 after purchasing an additional 7,852 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in SPDR S&P Semiconductor ETF by 19.3% during the first quarter. Goldman Sachs Group Inc. now owns 66,372 shares of the company’s stock valued at $13,326,000 after purchasing an additional 10,760 shares during the last quarter. Empowered Funds LLC acquired a new position in SPDR S&P Semiconductor ETF during the first quarter valued at approximately $939,000. Jane Street Group LLC grew its holdings in SPDR S&P Semiconductor ETF by 529.6% during the first quarter. Jane Street Group LLC now owns 6,460 shares of the company’s stock valued at $1,297,000 after purchasing an additional 5,434 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in SPDR S&P Semiconductor ETF by 62.3% during the first quarter. Focus Partners Wealth now owns 3,169 shares of the company’s stock valued at $636,000 after purchasing an additional 1,216 shares during the last quarter.

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.