Level Four Advisory Services LLC Cuts Stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Level Four Advisory Services LLC lessened its holdings in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,376 shares of the company’s stock after selling 143 shares during the quarter. Level Four Advisory Services LLC’s holdings in SPDR S&P Software & Services ETF were worth $1,205,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XSW. LPL Financial LLC boosted its stake in shares of SPDR S&P Software & Services ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 133,148 shares of the company’s stock valued at $25,160,000 after buying an additional 3,545 shares during the period. Kiker Wealth Management LLC purchased a new stake in shares of SPDR S&P Software & Services ETF during the 4th quarter worth $27,000. Commonwealth Equity Services LLC acquired a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter worth $240,000. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter worth $5,022,000. Finally, Jones Financial Companies Lllp increased its holdings in SPDR S&P Software & Services ETF by 564.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $314,000 after buying an additional 1,410 shares during the last quarter.

SPDR S&P Software & Services ETF Price Performance

SPDR S&P Software & Services ETF stock opened at $162.23 on Friday. The stock has a market cap of $460.73 million, a PE ratio of 29.68 and a beta of 1.20. The stock’s fifty day moving average is $181.96 and its two-hundred day moving average is $180.09. SPDR S&P Software & Services ETF has a 1-year low of $136.84 and a 1-year high of $206.00.

SPDR S&P Software & Services ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.0513 dividend. The ex-dividend date was Monday, March 24th.

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.