Tandem Financial LLC Has $1 Million Holdings in SPDR S&P Software & Services ETF $XSW

Tandem Financial LLC cut its holdings in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 71.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,309 shares of the company’s stock after selling 12,988 shares during the quarter. SPDR S&P Software & Services ETF accounts for about 1.0% of Tandem Financial LLC’s portfolio, making the stock its 21st biggest holding. Tandem Financial LLC’s holdings in SPDR S&P Software & Services ETF were worth $1,003,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XSW. Two Sigma Investments LP acquired a new position in shares of SPDR S&P Software & Services ETF during the third quarter worth approximately $5,735,000. High Point Wealth Management LLC acquired a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter worth approximately $3,858,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SPDR S&P Software & Services ETF in the third quarter valued at $2,441,000. Fifth Third Securities Inc. raised its stake in shares of SPDR S&P Software & Services ETF by 40.2% in the fourth quarter. Fifth Third Securities Inc. now owns 23,188 shares of the company’s stock valued at $4,340,000 after purchasing an additional 6,647 shares in the last quarter. Finally, MAI Capital Management raised its stake in shares of SPDR S&P Software & Services ETF by 2,124.3% in the third quarter. MAI Capital Management now owns 6,673 shares of the company’s stock valued at $1,320,000 after purchasing an additional 6,373 shares in the last quarter.

SPDR S&P Software & Services ETF Trading Up 5.8%

Shares of NYSEARCA XSW opened at $187.59 on Tuesday. The business has a fifty day simple moving average of $153.42 and a 200 day simple moving average of $166.38. The firm has a market capitalization of $452.09 million, a price-to-earnings ratio of 30.29 and a beta of 1.12. SPDR S&P Software & Services ETF has a one year low of $135.19 and a one year high of $205.76.

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.