Tandem Financial LLC Invests $1 Million in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Tandem Financial LLC acquired a new stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,309 shares of the company’s stock, valued at approximately $1,003,000. SPDR S&P Software & Services ETF accounts for approximately 1.1% of Tandem Financial LLC’s holdings, making the stock its 21st biggest holding.

Other large investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in SPDR S&P Software & Services ETF in the fourth quarter worth about $3,571,000. Foundations Investment Advisors LLC bought a new position in shares of SPDR S&P Software & Services ETF during the 4th quarter worth approximately $700,000. Dale Q Rice Investment Management Ltd purchased a new stake in SPDR S&P Software & Services ETF during the fourth quarter valued at approximately $1,652,000. Jane Street Group LLC acquired a new stake in SPDR S&P Software & Services ETF in the third quarter valued at approximately $805,000. Finally, Stifel Financial Corp grew its holdings in SPDR S&P Software & Services ETF by 0.8% in the third quarter. Stifel Financial Corp now owns 23,000 shares of the company’s stock worth $3,696,000 after purchasing an additional 174 shares during the last quarter.

SPDR S&P Software & Services ETF Trading Down 0.6 %

Shares of XSW opened at $196.85 on Friday. The firm has a market cap of $486.22 million, a PE ratio of 26.51 and a beta of 1.47. SPDR S&P Software & Services ETF has a 12 month low of $136.84 and a 12 month high of $206.00. The stock has a fifty day moving average price of $193.93 and a 200-day moving average price of $173.55.

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.