Mirae Asset Global Investments Co. Ltd. Buys Shares of 12,343 SPDR S&P Software & Services ETF $XSW

Mirae Asset Global Investments Co. Ltd. bought a new stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,343 shares of the company’s stock, valued at approximately $2,441,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its position in SPDR S&P Software & Services ETF by 11.8% during the first quarter. Royal Bank of Canada now owns 2,881 shares of the company’s stock valued at $461,000 after buying an additional 305 shares during the period. Goldman Sachs Group Inc. boosted its position in SPDR S&P Software & Services ETF by 3.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,297 shares of the company’s stock worth $1,646,000 after acquiring an additional 296 shares during the period. Janney Montgomery Scott LLC purchased a new position in SPDR S&P Software & Services ETF during the 2nd quarter valued at about $254,000. IFP Advisors Inc increased its holdings in shares of SPDR S&P Software & Services ETF by 6.4% in the 2nd quarter. IFP Advisors Inc now owns 1,486 shares of the company’s stock valued at $282,000 after purchasing an additional 89 shares during the period. Finally, Essex LLC purchased a new stake in shares of SPDR S&P Software & Services ETF in the second quarter worth approximately $2,967,000.

SPDR S&P Software & Services ETF Stock Performance

XSW stock opened at $166.01 on Tuesday. The firm has a 50 day simple moving average of $186.10 and a 200 day simple moving average of $189.98. SPDR S&P Software & Services ETF has a 52 week low of $137.55 and a 52 week high of $205.76. The stock has a market cap of $323.72 million, a P/E ratio of 30.29 and a beta of 1.19.

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.