SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sees Strong Trading Volume – Time to Buy?

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) saw strong trading volume on Monday . 148,490 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 49,694 shares.The stock last traded at $239.86 and had previously closed at $263.55.

SPDR S&P Semiconductor ETF Trading Up 0.5 %

The stock has a market cap of $1.54 billion, a PE ratio of 24.64 and a beta of 1.96. The company’s 50 day moving average is $254.09 and its 200-day moving average is $241.89.

Institutional Investors Weigh In On SPDR S&P Semiconductor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MGB Wealth Management LLC increased its holdings in shares of SPDR S&P Semiconductor ETF by 14.2% in the 4th quarter. MGB Wealth Management LLC now owns 32,994 shares of the company’s stock valued at $8,201,000 after acquiring an additional 4,097 shares during the last quarter. Jmac Enterprises LLC boosted its holdings in SPDR S&P Semiconductor ETF by 5.3% in the fourth quarter. Jmac Enterprises LLC now owns 20,173 shares of the company’s stock worth $5,012,000 after purchasing an additional 1,015 shares during the period. Collier Financial bought a new stake in SPDR S&P Semiconductor ETF during the fourth quarter valued at $100,000. Sovran Advisors LLC acquired a new stake in shares of SPDR S&P Semiconductor ETF during the fourth quarter worth $683,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of SPDR S&P Semiconductor ETF in the 4th quarter worth about $87,000.

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.