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

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) saw strong trading volume on Monday . 148,490 shares changed hands 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 Stock Down 8.8 %

The firm has a market capitalization of $1.52 billion, a PE ratio of 24.64 and a beta of 1.96. The business’s 50-day moving average price is $253.59 and its 200-day moving average price is $242.20.

Institutional Trading of SPDR S&P Semiconductor ETF

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in SPDR S&P Semiconductor ETF by 4,068.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 792 shares of the company’s stock valued at $190,000 after buying an additional 773 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of SPDR S&P Semiconductor ETF by 283.2% during the second 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 during the last quarter. Private Advisor Group LLC boosted its position in shares of SPDR S&P Semiconductor ETF by 8.6% in the third quarter. Private Advisor Group LLC now owns 1,958 shares of the company’s stock valued at $470,000 after acquiring an additional 155 shares during the period. Juncture Wealth Strategies LLC grew its stake in shares of SPDR S&P Semiconductor ETF by 9.9% in the third quarter. Juncture Wealth Strategies LLC now owns 1,201 shares of the company’s stock worth $289,000 after acquiring an additional 108 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in SPDR S&P Semiconductor ETF by 16.7% during the second quarter. Renaissance Technologies LLC now owns 1,400 shares of the company’s stock worth $346,000 after acquiring an additional 200 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.