Tandem Financial LLC Has $3.39 Million Stock Position in SPDR S&P Software & Services ETF $XSW

Tandem Financial LLC increased its position in shares of SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 238.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,862 shares of the company’s stock after acquiring an additional 12,578 shares during the quarter. SPDR S&P Software & Services ETF comprises approximately 3.2% of Tandem Financial LLC’s investment portfolio, making the stock its 12th biggest holding. Tandem Financial LLC owned about 0.68% of SPDR S&P Software & Services ETF worth $3,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SVB Wealth LLC bought a new position in SPDR S&P Software & Services ETF in the first quarter valued at approximately $40,000. Atlantic Union Bankshares Corp bought a new stake in shares of SPDR S&P Software & Services ETF during the 2nd quarter valued at $147,000. Quantum Portfolio Management LLC bought a new position in SPDR S&P Software & Services ETF in the second quarter valued at approximately $227,000. Janney Montgomery Scott LLC acquired a new position in SPDR S&P Software & Services ETF during the second quarter worth about $254,000. Finally, IFP Advisors Inc lifted its stake in shares of SPDR S&P Software & Services ETF by 6.4% in the 2nd quarter. IFP Advisors Inc now owns 1,486 shares of the company’s stock valued at $282,000 after acquiring an additional 89 shares during the last quarter.

SPDR S&P Software & Services ETF Stock Performance

Shares of NYSEARCA XSW opened at $192.92 on Tuesday. The stock has a market cap of $457.22 million, a P/E ratio of 30.29 and a beta of 1.19. The firm has a 50 day moving average price of $192.77 and a two-hundred day moving average price of $189.97. SPDR S&P Software & Services ETF has a 52-week low of $137.55 and a 52-week high of $206.00.

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.