Lowe Brockenbrough & Co. Inc. Invests $590,000 in SPDR S&P Software & Services ETF $XSW

Lowe Brockenbrough & Co. Inc. purchased a new stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,145 shares of the company’s stock, valued at approximately $590,000.

Other hedge funds have also recently modified their holdings of the company. Beacon Financial Advisory LLC increased its position in SPDR S&P Software & Services ETF by 3.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 2,023 shares of the company’s stock worth $379,000 after purchasing an additional 75 shares during the last quarter. Kestra Advisory Services LLC raised its stake in 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 purchasing an additional 78 shares during the period. V2 Financial group LLC boosted its holdings in SPDR S&P Software & Services ETF by 5.6% in the 4th quarter. V2 Financial group LLC now owns 1,900 shares of the company’s stock valued at $356,000 after purchasing an additional 100 shares during the last quarter. Creative Planning boosted its holdings in SPDR S&P Software & Services ETF by 5.8% in the 3rd quarter. Creative Planning now owns 2,189 shares of the company’s stock valued at $433,000 after purchasing an additional 120 shares during the last quarter. Finally, Composition Wealth LLC grew its stake in shares of 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 buying an additional 132 shares during the period.

SPDR S&P Software & Services ETF Price Performance

Shares of NYSEARCA XSW opened at $178.54 on Tuesday. The company has a 50 day simple moving average of $169.20 and a 200-day simple moving average of $162.35. The company has a market capitalization of $439.21 million, a P/E ratio of 30.29 and a beta of 1.16. SPDR S&P Software & Services ETF has a 1 year low of $135.19 and a 1 year high of $205.76.

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.