SPDR S&P Software & Services ETF (NYSEARCA:XSW) Hits New 12-Month High – What’s Next?

Shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $211.37 and last traded at $210.8370, with a volume of 85,827 shares trading hands. The stock had previously closed at $206.82.

SPDR S&P Software & Services ETF Stock Up 1.9%

The company has a market capitalization of $499.68 million, a price-to-earnings ratio of 30.29 and a beta of 1.19. The company has a 50-day moving average price of $200.55 and a 200-day moving average price of $178.49.

Institutional Trading of SPDR S&P Software & Services ETF

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Securities Inc. bought a new stake in shares of SPDR S&P Software & Services ETF in the 3rd quarter worth approximately $5,480,000. Performa Ltd US LLC bought a new stake in shares of SPDR S&P Software & Services ETF during the first quarter valued at approximately $3,842,000. Royal Bank of Canada increased its position in shares of SPDR S&P Software & Services ETF by 300.9% during the first quarter. Royal Bank of Canada now owns 24,558 shares of the company’s stock valued at $3,495,000 after purchasing an additional 18,433 shares during the period. Congress Asset Management Co. acquired a new position in shares of SPDR S&P Software & Services ETF in the third quarter valued at $3,910,000. Finally, Essex LLC acquired a new position in shares of SPDR S&P Software & Services ETF in the third quarter valued at $3,115,000.

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.