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

Shares of SPDR S&P Semiconductor ETF (NYSEARCA:XSD) hit 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 trading hands. The stock had previously closed at $202.10.

SPDR S&P Semiconductor ETF Stock Down 2.3 %

The stock has a market capitalization of $1.04 billion, a P/E ratio of 27.37 and a beta of 1.41. The company has a 50-day moving average price of $235.02 and a two-hundred day moving average price of $241.42.

SPDR S&P Semiconductor ETF Increases Dividend

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

Institutional Investors 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 grew its position in shares of SPDR S&P Semiconductor ETF by 86.7% during the 4th quarter. PSI Advisors LLC now owns 112 shares of the company’s stock valued at $28,000 after acquiring an additional 52 shares during the period. Assetmark Inc. bought a new stake in shares of SPDR S&P Semiconductor ETF in the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new position in shares of SPDR S&P Semiconductor ETF in the 4th quarter worth approximately $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in SPDR S&P Semiconductor ETF during the 4th quarter valued at about $65,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in SPDR S&P Semiconductor ETF in the fourth quarter worth $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.