Essex LLC Makes New Investment in SPDR S&P Software & Services ETF $XSW

Essex LLC acquired a new position in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,010 shares of the company’s stock, valued at approximately $3,115,000. Essex LLC owned approximately 0.69% of SPDR S&P Software & Services ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Financial Advisory LLC raised its holdings in shares of SPDR S&P Software & Services ETF by 3.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 2,023 shares of the company’s stock worth $379,000 after acquiring an additional 75 shares during the last quarter. Kestra Advisory Services LLC grew its position in SPDR S&P Software & Services ETF by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 2,831 shares of the company’s stock worth $403,000 after purchasing an additional 78 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of SPDR S&P Software & Services ETF by 7.0% during the 1st quarter. Arkadios Wealth Advisors now owns 1,534 shares of the company’s stock worth $218,000 after buying an additional 100 shares in the last quarter. Kaizen Financial Strategies grew its holdings in shares of SPDR S&P Software & Services ETF by 7.4% in the third quarter. Kaizen Financial Strategies now owns 2,885 shares of the company’s stock valued at $561,000 after acquiring an additional 200 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of SPDR S&P Software & Services ETF in the first quarter valued at approximately $53,000.

SPDR S&P Software & Services ETF Stock Down 2.7%

XSW stock traded down $5.50 during midday trading on Wednesday, hitting $197.92. The company’s stock had a trading volume of 29,669 shares, compared to its average volume of 73,233. SPDR S&P Software & Services ETF has a 1 year low of $135.19 and a 1 year high of $211.34. The stock’s 50-day moving average price is $199.85 and its 200 day moving average price is $176.35. The stock has a market cap of $461.15 million, a price-to-earnings ratio of 30.29 and a beta of 1.19.

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.