Royal Bank of Canada Buys 18,433 Shares of SPDR S&P Software & Services ETF $XSW

Royal Bank of Canada grew its stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 300.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,558 shares of the company’s stock after buying an additional 18,433 shares during the period. Royal Bank of Canada’s holdings in SPDR S&P Software & Services ETF were worth $3,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter worth $34,000. Fifth Third Bancorp bought a new position in SPDR S&P Software & Services ETF in the first quarter valued at $53,000. Advisory Services Network LLC bought a new position in SPDR S&P Software & Services ETF in the third quarter valued at $141,000. Summit Financial LLC purchased a new stake in SPDR S&P Software & Services ETF during the fourth quarter valued at about $200,000. Finally, Pincus Capital Management LP purchased a new stake in SPDR S&P Software & Services ETF during the fourth quarter valued at about $215,000.

SPDR S&P Software & Services ETF Stock Down 1.9%

Shares of XSW stock opened at $200.35 on Friday. The business has a 50-day moving average price of $176.72 and a two-hundred day moving average price of $162.69. 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 $494.86 million, a P/E ratio of 30.29 and a beta of 1.16.

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.