Merit Financial Group LLC Sells 5,932 Shares of SPDR S&P Software & Services ETF $XSW

Merit Financial Group LLC trimmed its position in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 71.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,423 shares of the company’s stock after selling 5,932 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Software & Services ETF were worth $479,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XSW. Essex LLC bought a new position in shares of SPDR S&P Software & Services ETF in the second quarter worth approximately $2,967,000. Tandem Financial LLC lifted its stake in shares of SPDR S&P Software & Services ETF by 238.0% during the 2nd quarter. Tandem Financial LLC now owns 17,862 shares of the company’s stock valued at $3,391,000 after buying an additional 12,578 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of SPDR S&P Software & Services ETF by 489.2% during the 1st quarter. Jones Financial Companies Lllp now owns 9,781 shares of the company’s stock valued at $1,564,000 after buying an additional 8,121 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in SPDR S&P Software & Services ETF by 22.3% in the 2nd quarter. Raymond James Financial Inc. now owns 32,833 shares of the company’s stock worth $6,232,000 after buying an additional 5,995 shares during the period. Finally, Harrell Investment Partners LLC purchased a new stake in SPDR S&P Software & Services ETF in the 2nd quarter worth $705,000.

SPDR S&P Software & Services ETF Stock Up 0.2%

NYSEARCA:XSW opened at $190.29 on Friday. The business’s 50-day simple moving average is $188.52 and its two-hundred day simple moving average is $191.23. SPDR S&P Software & Services ETF has a 52 week low of $137.55 and a 52 week high of $205.76. The stock has a market cap of $449.08 million, a PE ratio of 30.29 and a beta of 1.19.

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.