MAI Capital Management Purchases 6,373 Shares of SPDR S&P Software & Services ETF $XSW

MAI Capital Management increased its position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 2,124.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,673 shares of the company’s stock after acquiring an additional 6,373 shares during the period. MAI Capital Management owned about 0.28% of SPDR S&P Software & Services ETF worth $1,320,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Beacon Financial Advisory LLC boosted its position in SPDR S&P Software & Services ETF by 2.8% in the third quarter. Beacon Financial Advisory LLC now owns 1,948 shares of the company’s stock worth $385,000 after purchasing an additional 53 shares during the last quarter. Truist Financial Corp increased its position in shares of SPDR S&P Software & Services ETF by 10.9% during the 3rd quarter. Truist Financial Corp now owns 1,764 shares of the company’s stock valued at $349,000 after purchasing an additional 173 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of SPDR S&P Software & Services ETF by 3.7% in the 2nd quarter. Osaic Holdings Inc. now owns 6,840 shares of the company’s stock worth $1,298,000 after purchasing an additional 246 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Software & Services ETF by 3.7% in the third quarter. Envestnet Asset Management Inc. now owns 6,871 shares of the company’s stock worth $1,359,000 after buying an additional 246 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of SPDR S&P Software & Services ETF by 3.0% in the first quarter. Goldman Sachs Group Inc. now owns 10,297 shares of the company’s stock worth $1,646,000 after buying an additional 296 shares during the last quarter.

SPDR S&P Software & Services ETF Trading Down 2.1%

Shares of XSW stock opened at $150.55 on Friday. SPDR S&P Software & Services ETF has a 12 month low of $137.55 and a 12 month high of $205.76. The stock has a market cap of $289.06 million, a P/E ratio of 30.29 and a beta of 1.19. The company has a 50 day simple moving average of $171.73 and a two-hundred day simple moving average of $185.18.

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.