SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sets New 1-Year Low – Here’s Why

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) reached a new 52-week low during trading on Monday . The company traded as low as $193.80 and last traded at $197.51, with a volume of 7962 shares. The stock had previously closed at $202.10.

SPDR S&P Semiconductor ETF Stock Down 2.3 %

The firm has a fifty day moving average price of $235.02 and a two-hundred day moving average price of $241.42. The stock has a market capitalization of $1.04 billion, a P/E ratio of 27.37 and a beta of 1.41.

SPDR S&P Semiconductor ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a dividend of $0.1999 per share. This is a positive change from SPDR S&P Semiconductor ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XSD. PSI Advisors LLC raised its stake in shares of SPDR S&P Semiconductor ETF by 86.7% in the fourth quarter. PSI Advisors LLC now owns 112 shares of the company’s stock worth $28,000 after purchasing an additional 52 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of SPDR S&P Semiconductor ETF by 2.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,154 shares of the company’s stock valued at $535,000 after purchasing an additional 53 shares during the last quarter. Juncture Wealth Strategies LLC lifted its stake in shares of SPDR S&P Semiconductor ETF by 4.5% in the 4th quarter. Juncture Wealth Strategies LLC now owns 1,255 shares of the company’s stock worth $312,000 after purchasing an additional 54 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of SPDR S&P Semiconductor ETF by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 5,348 shares of the company’s stock worth $1,329,000 after buying an additional 60 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC grew its position in SPDR S&P Semiconductor ETF by 1.2% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 5,848 shares of the company’s stock valued at $1,453,000 after buying an additional 70 shares during the period.

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.