SPDR S&P Software & Services ETF (NYSEARCA:XSW) Shares Up 1.2% – Should You Buy?

SPDR S&P Software & Services ETF (NYSEARCA:XSW) shot up 1.2% during trading on Wednesday. The stock traded as high as $196.14 and last traded at $194.54. 37,499 shares changed hands during trading, a decline of 49% from the average daily volume of 74,199 shares. The stock had previously closed at $192.29.

SPDR S&P Software & Services ETF Stock Performance

The stock’s fifty day moving average price is $196.00 and its 200-day moving average price is $172.98. The firm has a market cap of $488.30 million, a PE ratio of 30.29 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beacon Financial Advisory LLC lifted its position in shares of SPDR S&P Software & Services ETF by 3.9% during the 4th quarter. Beacon Financial Advisory LLC now owns 2,023 shares of the company’s stock valued at $379,000 after acquiring an additional 75 shares during the period. Kestra Advisory Services LLC increased its stake in SPDR S&P Software & Services ETF by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 2,831 shares of the company’s stock valued at $403,000 after purchasing an additional 78 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in SPDR S&P Software & Services ETF by 7.0% during the first quarter. Arkadios Wealth Advisors now owns 1,534 shares of the company’s stock worth $218,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp acquired a new position in SPDR S&P Software & Services ETF during the first quarter worth $53,000. Finally, Cetera Investment Advisers boosted its position in SPDR S&P Software & Services ETF by 23.2% during the first quarter. Cetera Investment Advisers now owns 3,700 shares of the company’s stock worth $526,000 after purchasing an additional 696 shares in the last quarter.

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.