Envestnet Asset Management Inc. Trims Stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Envestnet Asset Management Inc. lessened its stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW – Get Rating) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,538 shares of the company’s stock after selling 376 shares during the period. Envestnet Asset Management Inc. owned about 0.52% of SPDR S&P Software & Services ETF worth $1,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in SPDR S&P Software & Services ETF by 5.0% during the 1st quarter. JPMorgan Chase & Co. now owns 65,477 shares of the company’s stock worth $9,648,000 after purchasing an additional 3,139 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in SPDR S&P Software & Services ETF by 22.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,340 shares of the company’s stock valued at $492,000 after acquiring an additional 620 shares during the last quarter. Citigroup Inc. raised its holdings in SPDR S&P Software & Services ETF by 11.7% in the 1st quarter. Citigroup Inc. now owns 2,131 shares of the company’s stock valued at $314,000 after acquiring an additional 224 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in SPDR S&P Software & Services ETF by 40.8% during the first quarter. PNC Financial Services Group Inc. now owns 445 shares of the company’s stock worth $66,000 after buying an additional 129 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in SPDR S&P Software & Services ETF during the first quarter worth about $324,000.

SPDR S&P Software & Services ETF Stock Performance

XSW opened at $121.91 on Friday. SPDR S&P Software & Services ETF has a one year low of $100.83 and a one year high of $133.61. The stock has a market capitalization of $238.94 million, a PE ratio of 22.03 and a beta of 1.13. The business’s 50 day moving average price is $118.58 and its 200 day moving average price is $116.24.

SPDR S&P Software & Services ETF Company Profile

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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.