Merit Financial Group LLC Has $1.47 Million Stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Merit Financial Group LLC lifted its position in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,791 shares of the company’s stock after buying an additional 71 shares during the period. Merit Financial Group LLC owned about 0.42% of SPDR S&P Software & Services ETF worth $1,472,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XSW. Amica Mutual Insurance Co. acquired a new position in SPDR S&P Software & Services ETF during the 4th quarter worth approximately $2,302,000. UBS Group AG increased its stake in SPDR S&P Software & Services ETF by 61.7% in the 3rd quarter. UBS Group AG now owns 39,597 shares of the company’s stock valued at $5,024,000 after buying an additional 15,112 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in SPDR S&P Software & Services ETF during the 3rd quarter worth about $1,673,000. Raymond James & Associates boosted its stake in shares of SPDR S&P Software & Services ETF by 141.3% during the 4th quarter. Raymond James & Associates now owns 20,000 shares of the company’s stock worth $3,007,000 after buying an additional 11,713 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of SPDR S&P Software & Services ETF by 6.3% in the 3rd quarter. LPL Financial LLC now owns 81,453 shares of the company’s stock valued at $10,335,000 after acquiring an additional 4,839 shares in the last quarter.

SPDR S&P Software & Services ETF Stock Performance

NYSEARCA:XSW opened at $148.09 on Friday. The stock’s 50-day simple moving average is $150.70 and its 200 day simple moving average is $144.50. The company has a market cap of $365.78 million, a P/E ratio of 26.51 and a beta of 1.47. SPDR S&P Software & Services ETF has a 52-week low of $112.54 and a 52-week high of $157.62.

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.