Tandem Financial LLC Sells 12,988 Shares of SPDR S&P Software & Services ETF $XSW

Tandem Financial LLC lowered its stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 71.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,309 shares of the company’s stock after selling 12,988 shares during the quarter. SPDR S&P Software & Services ETF comprises 1.0% of Tandem Financial LLC’s portfolio, making the stock its 21st largest holding. Tandem Financial LLC owned approximately 0.28% of SPDR S&P Software & Services ETF worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in XSW. Two Sigma Investments LP bought a new stake in SPDR S&P Software & Services ETF during the third quarter worth approximately $5,735,000. High Point Wealth Management LLC bought a new stake in SPDR S&P Software & Services ETF during the fourth quarter worth approximately $3,858,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in SPDR S&P Software & Services ETF during the third quarter worth approximately $2,441,000. Fifth Third Securities Inc. boosted its position in SPDR S&P Software & Services ETF by 40.2% during the fourth quarter. Fifth Third Securities Inc. now owns 23,188 shares of the company’s stock worth $4,340,000 after purchasing an additional 6,647 shares during the period. Finally, MAI Capital Management boosted its position in SPDR S&P Software & Services ETF by 2,124.3% during the third quarter. MAI Capital Management now owns 6,673 shares of the company’s stock worth $1,320,000 after purchasing an additional 6,373 shares during the period.

SPDR S&P Software & Services ETF Stock Up 5.8%

Shares of XSW stock opened at $187.59 on Tuesday. SPDR S&P Software & Services ETF has a 12 month low of $135.19 and a 12 month high of $205.76. The firm has a market cap of $452.09 million, a PE ratio of 30.29 and a beta of 1.12. The stock has a 50 day moving average of $153.42 and a 200-day moving average of $166.38.

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.