Envestnet Asset Management Inc. Decreases Position in SPDR S&P Semiconductor ETF $XSD

Envestnet Asset Management Inc. cut its holdings in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) by 34.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,479 shares of the company’s stock after selling 12,054 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR S&P Semiconductor ETF were worth $7,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in shares of SPDR S&P Semiconductor ETF in the 3rd quarter valued at about $38,000. Financial Consulate Inc. purchased a new position in SPDR S&P Semiconductor ETF in the 3rd quarter worth approximately $40,000. Heartwood Wealth Advisors LLC bought a new stake in SPDR S&P Semiconductor ETF in the third quarter valued at approximately $46,000. Hollencrest Capital Management boosted its stake in shares of SPDR S&P Semiconductor ETF by 111.2% during the third quarter. Hollencrest Capital Management now owns 245 shares of the company’s stock valued at $78,000 after purchasing an additional 129 shares during the period. Finally, CWM LLC grew its holdings in shares of SPDR S&P Semiconductor ETF by 15.7% in the second quarter. CWM LLC now owns 383 shares of the company’s stock worth $98,000 after purchasing an additional 52 shares during the last quarter.

SPDR S&P Semiconductor ETF Stock Up 0.6%

Shares of NYSEARCA XSD opened at $356.98 on Friday. The firm’s fifty day moving average is $345.70 and its 200 day moving average is $325.21. SPDR S&P Semiconductor ETF has a 52 week low of $156.77 and a 52 week high of $373.89. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 33.47 and a beta of 1.60.

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.