Merit Financial Group LLC Trims Position in SPDR S&P Software & Services ETF $XSW

Merit Financial Group LLC trimmed its position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 71.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,423 shares of the company’s stock after selling 5,932 shares during the period. Merit Financial Group LLC owned about 0.10% of SPDR S&P Software & Services ETF worth $479,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in shares of SPDR S&P Software & Services ETF in the 2nd quarter worth approximately $147,000. Quantum Portfolio Management LLC purchased a new stake in SPDR S&P Software & Services ETF during the second quarter valued at approximately $227,000. Janney Montgomery Scott LLC bought a new position in SPDR S&P Software & Services ETF in the second quarter worth approximately $254,000. IFP Advisors Inc raised its position in SPDR S&P Software & Services ETF by 6.4% in the second quarter. IFP Advisors Inc now owns 1,486 shares of the company’s stock worth $282,000 after acquiring an additional 89 shares during the period. Finally, Retirement Income Solutions Inc boosted its stake in shares of 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 acquiring an additional 120 shares during the last quarter.

SPDR S&P Software & Services ETF Price Performance

Shares of XSW stock opened at $190.29 on Friday. The company has a market cap of $449.08 million, a price-to-earnings ratio of 30.29 and a beta of 1.19. SPDR S&P Software & Services ETF has a 1 year low of $137.55 and a 1 year high of $205.76. The firm has a fifty day moving average price of $188.52 and a 200-day moving average price of $191.23.

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.