SPDR S&P Software & Services ETF (NYSEARCA:XSW) Sees Large Volume Increase – What’s Next?

Shares of SPDR S&P Software & Services ETF (NYSEARCA:XSWGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 28,736 shares traded hands during trading, an increase of 39% from the previous session’s volume of 20,689 shares.The stock last traded at $167.58 and had previously closed at $171.66.

SPDR S&P Software & Services ETF Stock Performance

The firm’s fifty day simple moving average is $190.55 and its 200-day simple moving average is $178.47. The stock has a market cap of $522.07 million, a P/E ratio of 33.51 and a beta of 1.16.

Hedge Funds Weigh In On SPDR S&P Software & Services ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kiker Wealth Management LLC bought a new position in shares of SPDR S&P Software & Services ETF during the 4th quarter worth $27,000. JNBA Financial Advisors bought a new position in SPDR S&P Software & Services ETF in the 4th quarter valued at $38,000. Farther Finance Advisors LLC boosted its holdings in SPDR S&P Software & Services ETF by 64.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the company’s stock valued at $52,000 after purchasing an additional 127 shares during the period. Bank of Montreal Can raised its position in shares of SPDR S&P Software & Services ETF by 219.1% during the 4th quarter. Bank of Montreal Can now owns 600 shares of the company’s stock valued at $113,000 after buying an additional 412 shares in the last quarter. Finally, Sherman Asset Management Inc. purchased a new stake in shares of SPDR S&P Software & Services ETF during the 4th quarter valued at $168,000.

About SPDR S&P Software & Services ETF

(Get Free Report)

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.

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