Financial Advocates Investment Management Decreases Holdings in SPDR S&P Semiconductor ETF (NYSEARCA:XSD)

Financial Advocates Investment Management decreased its stake in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,289 shares of the company’s stock after selling 370 shares during the quarter. Financial Advocates Investment Management’s holdings in SPDR S&P Semiconductor ETF were worth $320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PSI Advisors LLC lifted its holdings in SPDR S&P Semiconductor ETF by 86.7% in the 4th quarter. PSI Advisors LLC now owns 112 shares of the company’s stock valued at $28,000 after purchasing an additional 52 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of SPDR S&P Semiconductor ETF by 4,068.4% in the third 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. U.S. Capital Wealth Advisors LLC purchased a new position in shares of SPDR S&P Semiconductor ETF in the fourth quarter worth about $227,000. SeaBridge Investment Advisors LLC acquired a new position in SPDR S&P Semiconductor ETF during the fourth quarter worth about $229,000. Finally, Kovack Advisors Inc. purchased a new stake in SPDR S&P Semiconductor ETF during the 3rd quarter valued at about $230,000.

SPDR S&P Semiconductor ETF Trading Down 1.9 %

XSD stock opened at $242.25 on Monday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 24.64 and a beta of 1.96. The firm has a 50-day moving average of $254.85 and a two-hundred day moving average of $241.29. SPDR S&P Semiconductor ETF has a 12 month low of $199.09 and a 12 month high of $273.98.

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.