Tandem Financial LLC Acquires Shares of 5,309 SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Tandem Financial LLC bought a new stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,309 shares of the company’s stock, valued at approximately $1,003,000. SPDR S&P Software & Services ETF makes up about 1.1% of Tandem Financial LLC’s investment portfolio, making the stock its 21st largest holding. Tandem Financial LLC owned approximately 0.21% of SPDR S&P Software & Services ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new stake in SPDR S&P Software & Services ETF in the second quarter worth $235,000. ORG Partners LLC bought a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter valued at $27,000. New Harbor Financial Group LLC grew its position in shares of SPDR S&P Software & Services ETF by 6.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 73,613 shares of the company’s stock worth $11,829,000 after buying an additional 4,179 shares during the period. Raymond James & Associates increased its stake in shares of SPDR S&P Software & Services ETF by 0.6% in the 3rd quarter. Raymond James & Associates now owns 21,372 shares of the company’s stock worth $3,434,000 after acquiring an additional 132 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in SPDR S&P Software & Services ETF by 64.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the company’s stock valued at $52,000 after acquiring an additional 127 shares during the period.

SPDR S&P Software & Services ETF Stock Performance

Shares of XSW opened at $196.85 on Friday. 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 firm’s 50-day simple moving average is $193.93 and its two-hundred day simple moving average is $173.55. The stock has a market cap of $486.22 million, a PE ratio of 26.51 and a beta of 1.47.

About SPDR S&P Software & Services ETF

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.