SPDR S&P Software & Services ETF (NYSEARCA:XSW) Stock Price Up 0.7% – Still a Buy?

SPDR S&P Software & Services ETF (NYSEARCA:XSW)’s stock price traded up 0.7% during trading on Monday . The stock traded as high as $146.18 and last traded at $145.87. 48,615 shares changed hands during trading, a decline of 43% from the average session volume of 85,630 shares. The stock had previously closed at $144.91.

SPDR S&P Software & Services ETF Stock Up 0.7%

The company has a market capitalization of $383.64 million, a price-to-earnings ratio of 30.29 and a beta of 1.19. The company has a 50 day simple moving average of $152.04 and a 200 day simple moving average of $177.61.

Institutional Investors Weigh In On SPDR S&P Software & Services ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in SPDR S&P Software & Services ETF during the third quarter worth about $25,000. Triumph Capital Management acquired a new stake in SPDR S&P Software & Services ETF during the third quarter worth about $34,000. Advisory Services Network LLC acquired a new stake in SPDR S&P Software & Services ETF during the third quarter worth about $141,000. Summit Financial LLC acquired a new stake in SPDR S&P Software & Services ETF during the fourth quarter worth about $200,000. Finally, Pincus Capital Management LP acquired a new stake in SPDR S&P Software & Services ETF during the fourth quarter worth about $215,000.

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.