SPDR S&P Software & Services ETF (NYSEARCA:XSW) Shares Up 1.2% – Should You Buy?

SPDR S&P Software & Services ETF (NYSEARCA:XSW) shot up 1.2% on Wednesday. The stock traded as high as $196.14 and last traded at $194.54. 37,499 shares traded hands during trading, a decline of 49% from the average session volume of 74,199 shares. The stock had previously closed at $192.29.

SPDR S&P Software & Services ETF Stock Performance

The stock has a market capitalization of $488.30 million, a PE ratio of 30.29 and a beta of 1.17. The business’s 50-day moving average is $196.00 and its two-hundred day moving average is $172.98.

Institutional Trading of SPDR S&P Software & Services ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Performa Ltd US LLC purchased a new position in SPDR S&P Software & Services ETF during the first quarter worth about $3,842,000. Royal Bank of Canada raised its stake in shares of SPDR S&P Software & Services ETF by 300.9% during the 1st quarter. Royal Bank of Canada now owns 24,558 shares of the company’s stock worth $3,495,000 after buying an additional 18,433 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of SPDR S&P Software & Services ETF during the 1st quarter worth approximately $842,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of SPDR S&P Software & Services ETF in the 1st quarter valued at approximately $590,000. Finally, Cetera Investment Advisers lifted its holdings in shares of SPDR S&P Software & Services ETF by 23.2% in the 1st quarter. Cetera Investment Advisers now owns 3,700 shares of the company’s stock valued at $526,000 after buying an additional 696 shares during the period.

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.