Raymond James Financial Inc. Acquires Shares of 26,575 SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Raymond James Financial Inc. acquired a new position in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,575 shares of the company’s stock, valued at approximately $5,022,000. Raymond James Financial Inc. owned 1.08% 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 also recently modified their holdings of the company. Kingsview Wealth Management LLC acquired a new stake in SPDR S&P Software & Services ETF in the 4th quarter worth about $11,358,000. Strategic Financial Concepts LLC bought a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter worth approximately $3,571,000. Wells Fargo & Company MN raised its position in shares of SPDR S&P Software & Services ETF by 130.5% in the fourth quarter. Wells Fargo & Company MN now owns 27,082 shares of the company’s stock valued at $5,117,000 after buying an additional 15,335 shares in the last quarter. Dale Q Rice Investment Management Ltd bought a new stake in shares of SPDR S&P Software & Services ETF in the fourth quarter valued at approximately $1,652,000. Finally, Tandem Financial LLC bought a new position in SPDR S&P Software & Services ETF during the 4th quarter worth $1,003,000.

SPDR S&P Software & Services ETF Stock Performance

NYSEARCA:XSW opened at $163.12 on Friday. The company has a market cap of $455.10 million, a price-to-earnings ratio of 24.32 and a beta of 1.20. SPDR S&P Software & Services ETF has a fifty-two week low of $136.84 and a fifty-two week high of $206.00. The stock has a fifty day moving average price of $163.66 and a 200-day moving average price of $179.09.

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.