2,115 Shares in SPDR S&P Software & Services ETF (NYSEARCA:XSW) Acquired by Ground Swell Capital LLC

Ground Swell Capital LLC bought a new position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,115 shares of the company’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in SPDR S&P Software & Services ETF by 219.1% during the fourth quarter. Bank of Montreal Can now owns 600 shares of the company’s stock valued at $113,000 after acquiring an additional 412 shares in the last quarter. Advisory Services Network LLC acquired a new position in SPDR S&P Software & Services ETF during the fourth quarter valued at approximately $201,000. Sherman Asset Management Inc. grew its holdings in SPDR S&P Software & Services ETF by 42.1% during the first quarter. Sherman Asset Management Inc. now owns 1,262 shares of the company’s stock valued at $202,000 after purchasing an additional 374 shares during the last quarter. Pennington Partners & CO. LLC acquired a new position in SPDR S&P Software & Services ETF during the fourth quarter valued at approximately $248,000. Finally, Arkadios Wealth Advisors grew its holdings in SPDR S&P Software & Services ETF by 17.2% during the first quarter. Arkadios Wealth Advisors now owns 1,590 shares of the company’s stock valued at $254,000 after purchasing an additional 233 shares during the last quarter.

SPDR S&P Software & Services ETF Stock Up 2.5%

Shares of XSW stock opened at $184.71 on Thursday. SPDR S&P Software & Services ETF has a 12 month low of $137.55 and a 12 month high of $206.00. The business’s 50 day moving average is $187.25 and its two-hundred day moving average is $177.86. The company has a market cap of $482.09 million, a PE ratio of 30.29 and a beta of 1.13.

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.