Beck Capital Management LLC Lowers Stock Holdings in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Beck Capital Management LLC cut its position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 4.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,167 shares of the company’s stock after selling 612 shares during the period. Beck Capital Management LLC’s holdings in SPDR S&P Software & Services ETF were worth $2,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J. W. Coons Advisors LLC grew its stake in shares of SPDR S&P Software & Services ETF by 1.4% in the third quarter. J. W. Coons Advisors LLC now owns 6,715 shares of the company’s stock worth $1,079,000 after acquiring an additional 90 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in shares of SPDR S&P Software & Services ETF by 19.1% during the second quarter. Carolinas Wealth Consulting LLC now owns 631 shares of the company’s stock worth $95,000 after buying an additional 101 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of SPDR S&P Software & Services ETF by 64.1% during the third quarter. Farther Finance Advisors LLC now owns 325 shares of the company’s stock worth $52,000 after buying an additional 127 shares during the period. Raymond James & Associates increased its stake in shares of SPDR S&P Software & Services ETF by 0.6% during the third quarter. Raymond James & Associates now owns 21,372 shares of the company’s stock worth $3,434,000 after buying an additional 132 shares during the period. Finally, ORG Partners LLC acquired a new stake in SPDR S&P Software & Services ETF in the third quarter valued at approximately $27,000.

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

Shares of NYSEARCA:XSW opened at $195.03 on Monday. SPDR S&P Software & Services ETF has a 52 week low of $135.80 and a 52 week high of $198.25. The company’s 50 day moving average is $172.45 and its two-hundred day moving average is $158.75. The company has a market cap of $481.72 million, a PE ratio of 26.51 and a beta of 1.47.

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.