Sherman Asset Management Inc. Makes New $168,000 Investment in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Sherman Asset Management Inc. bought a new position in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 888 shares of the company’s stock, valued at approximately $168,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XSW. JNBA Financial Advisors acquired a new position in SPDR S&P Software & Services ETF during the fourth quarter worth about $38,000. Farther Finance Advisors LLC grew its position in shares of SPDR S&P Software & Services ETF by 64.1% in the third quarter. Farther Finance Advisors LLC now owns 325 shares of the company’s stock valued at $52,000 after purchasing an additional 127 shares during the last quarter. Retirement Income Solutions Inc grew its position in shares of SPDR S&P Software & Services ETF by 9.1% in the fourth quarter. Retirement Income Solutions Inc now owns 1,859 shares of the company’s stock valued at $351,000 after purchasing an additional 155 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of SPDR S&P Software & Services ETF in the fourth quarter valued at approximately $700,000. Finally, Jane Street Group LLC acquired a new stake in shares of SPDR S&P Software & Services ETF in the third quarter valued at approximately $805,000.

SPDR S&P Software & Services ETF Price Performance

XSW stock opened at $176.15 on Friday. The company’s 50 day simple moving average is $190.98 and its 200-day simple moving average is $178.13. The firm has a market capitalization of $531.97 million, a PE ratio of 33.51 and a beta of 1.16. SPDR S&P Software & Services ETF has a 12 month low of $136.84 and a 12 month high of $206.00.

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.