Foundations Investment Advisors LLC Takes $700,000 Position in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Foundations Investment Advisors LLC acquired a new position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,704 shares of the company’s stock, valued at approximately $700,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XSW. J. W. Coons Advisors LLC boosted its holdings in shares of SPDR S&P Software & Services ETF by 1.4% in the third quarter. J. W. Coons Advisors LLC now owns 6,715 shares of the company’s stock valued at $1,079,000 after acquiring an additional 90 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in SPDR S&P Software & Services ETF by 64.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the company’s stock valued at $52,000 after purchasing an additional 127 shares in the last quarter. Raymond James & Associates increased its position in shares of SPDR S&P Software & Services ETF by 0.6% during the 3rd quarter. Raymond James & Associates now owns 21,372 shares of the company’s stock valued at $3,434,000 after purchasing an additional 132 shares during the period. ORG Partners LLC bought a new stake in shares of SPDR S&P Software & Services ETF in the 3rd quarter worth $27,000. Finally, Stifel Financial Corp lifted its holdings in shares of SPDR S&P Software & Services ETF by 0.8% in the third quarter. Stifel Financial Corp now owns 23,000 shares of the company’s stock valued at $3,696,000 after buying an additional 174 shares during the period.

SPDR S&P Software & Services ETF Stock Down 1.3 %

NYSEARCA:XSW opened at $193.92 on Thursday. The business’s 50-day moving average price is $193.63 and its 200 day moving average price is $172.04. SPDR S&P Software & Services ETF has a 52-week low of $136.84 and a 52-week high of $206.00. The firm has a market cap of $478.98 million, a P/E ratio of 26.51 and a beta of 1.47.

SPDR S&P Software & Services ETF Profile

The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.