Kovack Advisors Inc. Acquires Shares of 958 SPDR S&P Semiconductor ETF (NYSEARCA:XSD)

Kovack Advisors Inc. acquired a new stake in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 958 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds have also made changes to their positions in XSD. McClarren Financial Advisors Inc. raised its stake in SPDR S&P Semiconductor ETF by 1,272.2% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 247 shares of the company’s stock worth $61,000 after acquiring an additional 229 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Semiconductor ETF during the second quarter worth about $67,000. Comerica Bank increased its position in shares of SPDR S&P Semiconductor ETF by 35.2% during the first quarter. Comerica Bank now owns 296 shares of the company’s stock worth $69,000 after purchasing an additional 77 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of SPDR S&P Semiconductor ETF in the 2nd quarter valued at about $100,000. Finally, HBW Advisory Services LLC acquired a new stake in shares of SPDR S&P Semiconductor ETF in the 3rd quarter valued at about $154,000.

SPDR S&P Semiconductor ETF Price Performance

XSD stock opened at $225.16 on Friday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 24.64 and a beta of 1.96. The company has a fifty day moving average price of $236.60 and a 200 day moving average price of $238.93. SPDR S&P Semiconductor ETF has a 12 month low of $194.42 and a 12 month high of $273.98.

SPDR S&P Semiconductor ETF 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.