Raymond James & Associates Raises Position in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Raymond James & Associates grew its position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 47.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,274 shares of the company’s stock after acquiring an additional 2,654 shares during the period. Raymond James & Associates owned about 0.36% of SPDR S&P Software & Services ETF worth $1,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management boosted its holdings in shares of SPDR S&P Software & Services ETF by 185.4% in the first quarter. Spire Wealth Management now owns 254 shares of the company’s stock valued at $31,000 after acquiring an additional 165 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of SPDR S&P Software & Services ETF by 40.8% in the first quarter. PNC Financial Services Group Inc. now owns 445 shares of the company’s stock valued at $66,000 after purchasing an additional 129 shares during the period. Jane Street Group LLC acquired a new stake in shares of SPDR S&P Software & Services ETF in the fourth quarter valued at about $207,000. Retirement Income Solutions Inc acquired a new stake in shares of SPDR S&P Software & Services ETF in the first quarter valued at about $210,000. Finally, United Capital Financial Advisers LLC acquired a new stake in shares of SPDR S&P Software & Services ETF in the fourth quarter valued at about $217,000.

SPDR S&P Software & Services ETF Stock Up 2.9 %

Shares of NYSEARCA XSW opened at $125.95 on Friday. SPDR S&P Software & Services ETF has a 52 week low of $101.89 and a 52 week high of $143.89. The firm has a 50-day moving average price of $126.97 and a 200 day moving average price of $128.02. The stock has a market capitalization of $294.72 million, a price-to-earnings ratio of 22.03 and a beta of 1.13.

SPDR S&P Software & Services ETF 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.