Fifth Third Securities Inc. Trims Holdings in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Fifth Third Securities Inc. lowered its position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,257 shares of the company’s stock after selling 2,573 shares during the period. Fifth Third Securities Inc. owned approximately 0.62% of SPDR S&P Software & Services ETF worth $2,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dale Q Rice Investment Management Ltd purchased a new position in shares of SPDR S&P Software & Services ETF during the 4th quarter valued at about $1,652,000. Jane Street Group LLC purchased a new position in SPDR S&P Software & Services ETF during the third quarter valued at approximately $805,000. Envestnet Asset Management Inc. lifted its holdings in SPDR S&P Software & Services ETF by 25.1% in the second quarter. Envestnet Asset Management Inc. now owns 21,270 shares of the company’s stock valued at $3,214,000 after acquiring an additional 4,263 shares during the period. New Harbor Financial Group LLC boosted its position in SPDR S&P Software & Services ETF by 6.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 73,613 shares of the company’s stock worth $11,829,000 after purchasing an additional 4,179 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of SPDR S&P Software & Services ETF during the 4th quarter worth approximately $700,000.

SPDR S&P Software & Services ETF Stock Performance

XSW opened at $194.62 on Friday. The company has a fifty day moving average of $193.78 and a two-hundred day moving average of $172.19. SPDR S&P Software & Services ETF has a fifty-two week low of $136.84 and a fifty-two week high of $206.00. The stock has a market capitalization of $480.71 million, a price-to-earnings ratio of 26.51 and a beta of 1.47.

SPDR S&P Software & Services ETF 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.