SPDR S&P Software & Services ETF (NYSEARCA:XSW – Get Free Report)’s stock price 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 Performance
The company has a market capitalization of $496.35 million, a price-to-earnings ratio of 30.29 and a beta of 1.19. The company has a fifty day simple moving average of $201.05 and a two-hundred day simple moving average of $179.44.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XSW. Royal Bank of Canada lifted its stake in shares of SPDR S&P Software & Services ETF by 300.9% in the 1st 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 in the last quarter. Compass Financial Management LLC acquired a new stake in SPDR S&P Software & Services ETF during the 2nd quarter worth approximately $591,000. Lowe Brockenbrough & Co. Inc. purchased a new position in SPDR S&P Software & Services ETF in the first quarter valued at approximately $590,000. Performa Ltd US LLC acquired a new position in SPDR S&P Software & Services ETF during the first quarter valued at approximately $3,842,000. Finally, Fifth Third Securities Inc. acquired a new position in SPDR S&P Software & Services ETF during the third quarter valued at approximately $5,480,000.
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.
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