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

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) saw an uptick in trading volume on Thursday . 21,057 shares traded hands during mid-day 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 stock has a market cap of $1.67 billion, a price-to-earnings ratio of 24.64 and a beta of 1.96. The business has a fifty day simple moving average of $250.41 and a 200 day simple moving average of $242.07.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in SPDR S&P Semiconductor ETF by 103,332.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,058,296 shares of the company’s stock valued at $494,506,000 after buying an additional 2,056,306 shares during the period. Envestnet Asset Management Inc. grew its holdings in SPDR S&P Semiconductor ETF by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 133,808 shares of the company’s stock valued at $33,115,000 after purchasing an additional 682 shares during the period. Raymond James & Associates increased its position in SPDR S&P Semiconductor ETF by 112.4% during the third quarter. Raymond James & Associates now owns 44,715 shares of the company’s stock worth $10,743,000 after purchasing an additional 23,662 shares during the last quarter. CacheTech Inc. raised its stake in SPDR S&P Semiconductor ETF by 11.3% during the third quarter. CacheTech Inc. now owns 33,179 shares of the company’s stock worth $7,971,000 after purchasing an additional 3,358 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of SPDR S&P Semiconductor ETF by 8.4% in the 3rd quarter. MML Investors Services LLC now owns 29,088 shares of the company’s stock valued at $6,988,000 after purchasing an additional 2,266 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.