SPDR S&P Software & Services ETF (NYSEARCA:XSW) Trading Down 0.2% – Here’s What Happened

SPDR S&P Software & Services ETF (NYSEARCA:XSW)’s share price dropped 0.2% during trading on Thursday . The company traded as low as $159.05 and last traded at $161.87. Approximately 37,362 shares were traded during trading, a decline of 61% from the average daily volume of 94,961 shares. The stock had previously closed at $162.21.

SPDR S&P Software & Services ETF Price Performance

The stock has a market cap of $397.72 million, a price-to-earnings ratio of 30.29 and a beta of 1.12. The stock has a fifty day moving average of $150.81 and a 200 day moving average of $167.45.

Institutional Investors Weigh In On SPDR S&P Software & Services ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Investments LP acquired a new position in SPDR S&P Software & Services ETF in the third quarter valued at approximately $5,735,000. Performa Ltd US LLC acquired a new position in SPDR S&P Software & Services ETF in the first quarter valued at approximately $3,842,000. High Point Wealth Management LLC acquired a new position in SPDR S&P Software & Services ETF in the fourth quarter valued at approximately $3,858,000. Royal Bank of Canada lifted its holdings in SPDR S&P Software & Services ETF by 300.9% in the first quarter. Royal Bank of Canada now owns 24,558 shares of the company’s stock valued at $3,495,000 after acquiring an additional 18,433 shares during the period. Finally, LPL Financial LLC lifted its holdings in SPDR S&P Software & Services ETF by 18.4% in the fourth quarter. LPL Financial LLC now owns 118,013 shares of the company’s stock valued at $22,085,000 after acquiring an additional 18,349 shares during the period.

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.