Raymond James Financial Inc. Makes New Investment in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Raymond James Financial Inc. acquired a new stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW) in the 4th quarter, Holdings Channel reports. The firm acquired 26,575 shares of the company’s stock, valued at approximately $5,022,000.

A number of other institutional investors and hedge funds have also made changes to their positions in XSW. JNBA Financial Advisors purchased a new position in SPDR S&P Software & Services ETF in the fourth quarter valued at $38,000. Sherman Asset Management Inc. purchased a new position in shares of SPDR S&P Software & Services ETF in the 4th quarter valued at about $168,000. Jones Financial Companies Lllp raised its position in shares of SPDR S&P Software & Services ETF by 564.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $314,000 after acquiring an additional 1,410 shares in the last quarter. Retirement Income Solutions Inc lifted its stake in SPDR S&P Software & Services ETF by 9.1% during the fourth quarter. Retirement Income Solutions Inc now owns 1,859 shares of the company’s stock worth $351,000 after purchasing an additional 155 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in SPDR S&P Software & Services ETF in the fourth quarter valued at approximately $700,000.

SPDR S&P Software & Services ETF Stock Up 0.5 %

Shares of SPDR S&P Software & Services ETF stock opened at $173.71 on Wednesday. The firm has a market capitalization of $493.34 million, a P/E ratio of 29.68 and a beta of 1.20. SPDR S&P Software & Services ETF has a 52 week low of $136.84 and a 52 week high of $206.00. The firm’s 50 day moving average is $183.35 and its two-hundred day moving average is $179.97.

SPDR S&P Software & Services ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 24th will be paid a dividend of $0.0513 per share. The ex-dividend date is Monday, March 24th.

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.