Strategic Financial Concepts LLC Buys Shares of 18,896 SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Strategic Financial Concepts LLC purchased a new stake in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,896 shares of the company’s stock, valued at approximately $3,571,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingsview Wealth Management LLC bought a new stake in SPDR S&P Software & Services ETF during the 4th quarter worth approximately $11,358,000. Dale Q Rice Investment Management Ltd bought a new position in shares of SPDR S&P Software & Services ETF in the fourth quarter worth $1,652,000. Tandem Financial LLC bought a new position in shares of SPDR S&P Software & Services ETF in the fourth quarter worth $1,003,000. Jane Street Group LLC purchased a new stake in shares of SPDR S&P Software & Services ETF in the third quarter worth $805,000. Finally, Foundations Investment Advisors LLC bought a new stake in SPDR S&P Software & Services ETF during the fourth quarter valued at $700,000.

SPDR S&P Software & Services ETF Stock Down 0.9 %

Shares of NYSEARCA XSW opened at $195.44 on Monday. The stock’s 50-day simple moving average is $193.64 and its two-hundred day simple moving average is $175.65. SPDR S&P Software & Services ETF has a twelve month low of $136.84 and a twelve month high of $206.00. The firm has a market capitalization of $482.74 million, a P/E 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.