SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sees Strong Trading Volume – What’s Next?

Shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) saw unusually-high trading volume on Thursday . Approximately 21,057 shares were traded during trading, a decline of 25% from the previous session’s volume of 28,204 shares.The stock last traded at $257.42 and had previously closed at $257.88.

SPDR S&P Semiconductor ETF Stock Performance

The firm has a 50 day moving average of $250.03 and a two-hundred day moving average of $241.85. The stock has a market cap of $1.62 billion, a P/E ratio of 24.64 and a beta of 1.96.

Institutional Trading of SPDR S&P Semiconductor ETF

Several hedge funds have recently added to or reduced their stakes in XSD. Envestnet Asset Management Inc. raised its holdings in SPDR S&P Semiconductor ETF by 0.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 133,808 shares of the company’s stock valued at $33,115,000 after acquiring an additional 682 shares in the last quarter. Renaissance Technologies LLC raised its holdings in SPDR S&P Semiconductor ETF by 16.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,400 shares of the company’s stock valued at $346,000 after acquiring an additional 200 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in SPDR S&P Semiconductor ETF by 7.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,325 shares of the company’s stock valued at $575,000 after acquiring an additional 162 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of SPDR S&P Semiconductor ETF by 1.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 8,232 shares of the company’s stock worth $2,038,000 after buying an additional 141 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of SPDR S&P Semiconductor ETF by 283.2% in the 2nd quarter. Bank of Montreal Can now owns 7,920 shares of the company’s stock worth $1,962,000 after buying an additional 5,853 shares in 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.