Beck Capital Management LLC Sells 612 Shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Beck Capital Management LLC cut its stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,167 shares of the company’s stock after selling 612 shares during the period. Beck Capital Management LLC owned about 0.53% of SPDR S&P Software & Services ETF worth $2,116,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of SPDR S&P Software & Services ETF during the 3rd quarter worth $27,000. Farther Finance Advisors LLC lifted its stake in SPDR S&P Software & Services ETF by 64.1% in the third quarter. Farther Finance Advisors LLC now owns 325 shares of the company’s stock worth $52,000 after acquiring an additional 127 shares during the period. EdgeRock Capital LLC bought a new position in SPDR S&P Software & Services ETF during the 2nd quarter worth about $92,000. Carolinas Wealth Consulting LLC increased its position in SPDR S&P Software & Services ETF by 19.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 631 shares of the company’s stock valued at $95,000 after purchasing an additional 101 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in shares of SPDR S&P Software & Services ETF in the 2nd quarter valued at about $215,000.

SPDR S&P Software & Services ETF Stock Performance

Shares of XSW opened at $195.03 on Monday. The company has a 50 day moving average price of $172.45 and a 200-day moving average price of $158.75. SPDR S&P Software & Services ETF has a fifty-two week low of $135.80 and a fifty-two week high of $198.25. The stock has a market capitalization of $481.72 million, a PE ratio of 26.51 and a beta of 1.47.

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.