Sherman Asset Management Inc. grew its holdings in SPDR S&P Software & Services ETF (NYSEARCA:XSW – Free Report) by 42.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,262 shares of the company’s stock after purchasing an additional 374 shares during the quarter. Sherman Asset Management Inc.’s holdings in SPDR S&P Software & Services ETF were worth $202,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kiker Wealth Management LLC acquired a new stake in shares of SPDR S&P Software & Services ETF in the 4th quarter valued at approximately $27,000. JNBA Financial Advisors acquired a new position in SPDR S&P Software & Services ETF during the fourth quarter worth approximately $38,000. Bank of Montreal Can boosted its holdings in shares of SPDR S&P Software & Services ETF by 219.1% during the 4th quarter. Bank of Montreal Can now owns 600 shares of the company’s stock worth $113,000 after buying an additional 412 shares during the period. Advisory Services Network LLC acquired a new stake in SPDR S&P Software & Services ETF during the 4th quarter worth approximately $201,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of SPDR S&P Software & Services ETF during the fourth quarter worth $240,000.
SPDR S&P Software & Services ETF Price Performance
SPDR S&P Software & Services ETF stock opened at $187.03 on Monday. The firm has a market cap of $531.17 million, a PE ratio of 28.16 and a beta of 1.18. The stock’s fifty day moving average price is $166.81 and its two-hundred day moving average price is $179.82. SPDR S&P Software & Services ETF has a one year low of $136.84 and a one year high of $206.00.
SPDR S&P Software & Services ETF Company 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.
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