SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Hits New 52-Week High – Should You Buy?

Shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) hit 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 trading hands. The stock had previously closed at $350.92.

SPDR S&P Semiconductor ETF Trading Up 1.0%

The firm has a market cap of $1.75 billion, a P/E ratio of 33.47 and a beta of 1.60. The business’s fifty day simple moving average is $327.94 and its 200-day simple moving average is $309.41.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of 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 buying an additional 7,852 shares during the period. Goldman Sachs Group Inc. raised its position in shares of SPDR S&P Semiconductor ETF by 19.3% in the first quarter. Goldman Sachs Group Inc. now owns 66,372 shares of the company’s stock worth $13,326,000 after buying an additional 10,760 shares in the last quarter. Empowered Funds LLC bought a new stake in SPDR S&P Semiconductor ETF during the first quarter valued at $939,000. Jane Street Group LLC grew its position 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 worth $1,297,000 after buying an additional 5,434 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in SPDR S&P Semiconductor ETF by 62.3% in the 1st quarter. Focus Partners Wealth now owns 3,169 shares of the company’s stock worth $636,000 after acquiring an additional 1,216 shares during the last quarter.

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.