SPDR S&P Software & Services ETF (NYSEARCA:XSW) Reaches New 52-Week High – Still a Buy?

SPDR S&P Software & Services ETF (NYSEARCA:XSW)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $208.05 and last traded at $208.05, with a volume of 7329 shares changing hands. The stock had previously closed at $199.87.

SPDR S&P Software & Services ETF Stock Performance

The firm has a market capitalization of $515.00 million, a PE ratio of 30.29 and a beta of 1.16. The company’s 50-day moving average price is $182.12 and its 200-day moving average price is $164.51.

Institutional Trading of SPDR S&P Software & Services ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XSW. Beacon Financial Advisory LLC raised its holdings in shares of SPDR S&P Software & Services ETF by 3.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 2,023 shares of the company’s stock valued at $379,000 after buying an additional 75 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of SPDR S&P Software & Services ETF by 2.8% during the first quarter. Kestra Advisory Services LLC now owns 2,831 shares of the company’s stock worth $403,000 after buying an additional 78 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of SPDR S&P Software & Services ETF by 7.0% during the first quarter. Arkadios Wealth Advisors now owns 1,534 shares of the company’s stock worth $218,000 after buying an additional 100 shares during the last quarter. Creative Planning grew its holdings in shares of SPDR S&P Software & Services ETF by 5.8% during the third quarter. Creative Planning now owns 2,189 shares of the company’s stock worth $433,000 after buying an additional 120 shares during the last quarter. Finally, Composition Wealth LLC increased its position in SPDR S&P Software & Services ETF by 10.3% in the 4th quarter. Composition Wealth LLC now owns 1,413 shares of the company’s stock valued at $264,000 after acquiring an additional 132 shares during the period.

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.