MAI Capital Management Raises Stock Holdings in SPDR S&P Software & Services ETF $XSW

MAI Capital Management grew its stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 2,124.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,673 shares of the company’s stock after buying an additional 6,373 shares during the period. MAI Capital Management’s holdings in SPDR S&P Software & Services ETF were worth $1,320,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new stake in SPDR S&P Software & Services ETF during the 3rd quarter worth approximately $222,000. GSA Capital Partners LLP bought a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter valued at $258,000. Envestnet Asset Management Inc. lifted its stake in shares of SPDR S&P Software & Services ETF by 3.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,871 shares of the company’s stock valued at $1,359,000 after buying an additional 246 shares in the last quarter. MWA Asset Management lifted its stake in shares of SPDR S&P Software & Services ETF by 37.6% during the 3rd quarter. MWA Asset Management now owns 2,049 shares of the company’s stock valued at $405,000 after buying an additional 560 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in SPDR S&P Software & Services ETF in the 3rd quarter worth $2,441,000.

SPDR S&P Software & Services ETF Stock Performance

Shares of XSW stock opened at $150.55 on Friday. The stock has a fifty day simple moving average of $171.73 and a two-hundred day simple moving average of $185.18. The firm has a market capitalization of $289.06 million, a PE ratio of 30.29 and a beta of 1.19. SPDR S&P Software & Services ETF has a 52-week low of $137.55 and a 52-week high of $205.76.

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.