SPDR S&P Software & Services ETF (NYSEARCA:XSW) Hits New 12-Month High – Here’s What Happened

SPDR S&P Software & Services ETF (NYSEARCA:XSW)’s share price hit a new 52-week high on Thursday . The stock traded as high as $208.05 and last traded at $208.05, with a volume of 7329 shares trading hands. The stock had previously closed at $199.87.

SPDR S&P Software & Services ETF Trading Up 4.3%

The company has a market cap of $515.00 million, a price-to-earnings ratio of 30.29 and a beta of 1.16. The business has a fifty day moving average of $182.12 and a two-hundred day moving average of $164.51.

Institutional Trading of SPDR S&P Software & Services ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in SPDR S&P Software & Services ETF by 300.9% during the first quarter. Royal Bank of Canada now owns 24,558 shares of the company’s stock worth $3,495,000 after acquiring an additional 18,433 shares during the period. Performa Ltd US LLC purchased a new position in SPDR S&P Software & Services ETF during the first quarter valued at $3,842,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of SPDR S&P Software & Services ETF in the first quarter valued at about $590,000. Hsbc Holdings PLC acquired a new stake in shares of SPDR S&P Software & Services ETF in the first quarter valued at about $842,000. Finally, Warner Financial Inc. acquired a new stake in shares of SPDR S&P Software & Services ETF in the second quarter valued at about $330,000.

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.