MML Investors Services LLC Reduces Stock Holdings in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

MML Investors Services LLC lowered its stake in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,623 shares of the company’s stock after selling 557 shares during the period. MML Investors Services LLC owned 0.63% of SPDR S&P Software & Services ETF worth $2,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter valued at about $805,000. Stifel Financial Corp lifted its holdings in SPDR S&P Software & Services ETF by 0.8% in the third quarter. Stifel Financial Corp now owns 23,000 shares of the company’s stock worth $3,696,000 after buying an additional 174 shares during the period. J. W. Coons Advisors LLC lifted its holdings in SPDR S&P Software & Services ETF by 1.4% in the third quarter. J. W. Coons Advisors LLC now owns 6,715 shares of the company’s stock worth $1,079,000 after buying an additional 90 shares during the period. Farther Finance Advisors LLC boosted its position in SPDR S&P Software & Services ETF by 64.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the company’s stock valued at $52,000 after acquiring an additional 127 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of SPDR S&P Software & Services ETF by 0.6% during the 3rd quarter. Raymond James & Associates now owns 21,372 shares of the company’s stock worth $3,434,000 after acquiring an additional 132 shares during the period.

SPDR S&P Software & Services ETF Stock Down 1.3 %

XSW opened at $197.94 on Monday. SPDR S&P Software & Services ETF has a 52 week low of $136.84 and a 52 week high of $206.00. The stock has a market cap of $488.91 million, a PE ratio of 26.51 and a beta of 1.47. The business has a 50 day moving average of $180.55 and a 200-day moving average of $162.01.

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.