Essex LLC Makes New Investment in SPDR S&P Software & Services ETF $XSW

Essex LLC purchased a new stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,631 shares of the company’s stock, valued at approximately $2,967,000. Essex LLC owned about 0.59% of SPDR S&P Software & Services ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XSW. IFP Advisors Inc lifted its holdings in SPDR S&P Software & Services ETF by 6.4% during the 2nd quarter. IFP Advisors Inc now owns 1,486 shares of the company’s stock worth $282,000 after buying an additional 89 shares in the last quarter. McGuire Investment Group LLC grew its holdings in SPDR S&P Software & Services ETF by 2.0% during the second quarter. McGuire Investment Group LLC now owns 67,427 shares of the company’s stock valued at $12,799,000 after purchasing an additional 1,298 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of SPDR S&P Software & Services ETF in the 2nd quarter valued at $254,000. Harrell Investment Partners LLC acquired a new position in SPDR S&P Software & Services ETF in the second quarter valued at about $705,000. Finally, Retirement Income Solutions Inc increased its stake in SPDR S&P Software & Services ETF by 6.5% during the 2nd quarter. Retirement Income Solutions Inc now owns 1,979 shares of the company’s stock worth $376,000 after purchasing an additional 120 shares in the last quarter.

SPDR S&P Software & Services ETF Stock Up 0.6%

Shares of XSW stock opened at $200.63 on Wednesday. The firm has a fifty day moving average of $192.60 and a 200-day moving average of $181.92. SPDR S&P Software & Services ETF has a 12-month low of $137.55 and a 12-month high of $206.00. The company has a market capitalization of $487.53 million, a price-to-earnings ratio of 30.29 and a beta of 1.13.

About SPDR S&P Software & Services ETF

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.