Essex LLC Trims Position in SPDR S&P Software & Services ETF $XSW

Essex LLC lowered its stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 42.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,356 shares of the company’s stock after selling 11,192 shares during the quarter. Essex LLC owned about 0.55% of SPDR S&P Software & Services ETF worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of SPDR S&P Software & Services ETF in the 3rd quarter worth approximately $25,000. Triumph Capital Management purchased a new position in shares of SPDR S&P Software & Services ETF in the third quarter worth $34,000. Advisory Services Network LLC bought a new position in shares of SPDR S&P Software & Services ETF during the third quarter valued at $141,000. Summit Financial LLC purchased a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter valued at approximately $200,000. Finally, Pincus Capital Management LP bought a new position in SPDR S&P Software & Services ETF during the fourth quarter valued at approximately $215,000.

SPDR S&P Software & Services ETF Stock Performance

XSW stock opened at $176.76 on Thursday. The company has a market cap of $413.62 million, a price-to-earnings ratio of 30.29 and a beta of 1.16. The business’s 50-day moving average is $163.34 and its two-hundred day moving average is $163.48. SPDR S&P Software & Services ETF has a fifty-two week low of $135.19 and a fifty-two week high of $205.76.

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.