SPDR S&P Software & Services ETF (NYSEARCA:XSW) Stock Price Down 0.2% – Here’s Why

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was down 0.2% during trading on Thursday . The company traded as low as $159.05 and last traded at $161.87. Approximately 37,362 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 94,961 shares. The stock had previously closed at $162.21.

SPDR S&P Software & Services ETF Stock Down 0.2%

The business has a fifty day moving average of $150.57 and a 200 day moving average of $167.47. The firm has a market cap of $390.11 million, a P/E ratio of 30.29 and a beta of 1.12.

Institutional Investors Weigh In On SPDR S&P Software & Services ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XSW. Financial Life Planners bought a new stake in SPDR S&P Software & Services ETF in the third quarter valued at about $25,000. Triumph Capital Management bought a new stake in SPDR S&P Software & Services ETF in the third quarter valued at about $34,000. Fifth Third Bancorp bought a new stake in SPDR S&P Software & Services ETF in the first quarter valued at about $53,000. Advisory Services Network LLC bought a new stake in SPDR S&P Software & Services ETF in the third quarter valued at about $141,000. Finally, Summit Financial LLC bought a new stake in SPDR S&P Software & Services ETF in the fourth quarter valued at about $200,000.

About SPDR S&P Software & Services ETF

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.