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ETF News And Commentary

Sanghamitra Saha

Semiconductor ETF (XSD) Hits New 52-Week High

XSD

Trades from $3

For investors seeking momentum, SPDR S&P Semiconductor ETF (XSD - Free Report) is probably on radar now. The fund just hit a 52-week high and is up roughly 47.4% from its 52-week low price of $36.53/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:

XSD in Focus

XSD focuses on the semiconductor industry, holding a basket of 41 stocks. The fund has a tilt toward smaller-cap stocks. The fund charges investors 35 basis points a year in fees and has top holdings in NVIDIA Corp, Microsemi and Integrated Device Technology (see: all the Technology ETFs here).

Why the Move?

The technology sector bounced back lately after skidding on Trump win as uncertainties regarding trade, immigration and outsourcing loomed large. Out of the broader tech sector, semiconductors appear especially well placed thanks to the rise of a new growth area – Internet of Things (IoT),

More Gains Ahead?

Currently, XSD has a Zacks ETF Rank of 1 (Strong Buy) rating, suggesting continued outperformance in the months ahead. It has a positive weighted alpha of 28.20. Since a positive weighted alpha hints at more gains, there is definitely still some promise for investors who want to ride this surging ETF a little further.

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