Newbridge Financial Services Group Inc. Increases Position in SPDR S&P Software & Services ETF (NYSEARCA:XSW)

Newbridge Financial Services Group Inc. lifted its holdings in SPDR S&P Software & Services ETF (NYSEARCA:XSW) by 37.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,927 shares of the company’s stock after buying an additional 2,179 shares during the quarter. Newbridge Financial Services Group Inc. owned approximately 0.32% of SPDR S&P Software & Services ETF worth $1,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XSW. EdgeRock Capital LLC purchased a new stake in SPDR S&P Software & Services ETF in the second quarter worth $92,000. Carolinas Wealth Consulting LLC lifted its holdings in SPDR S&P Software & Services ETF by 19.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 631 shares of the company’s stock valued at $95,000 after buying an additional 101 shares in the last quarter. Able Wealth Management LLC purchased a new stake in SPDR S&P Software & Services ETF in the 4th quarter valued at about $108,000. Centaurus Financial Inc. bought a new position in SPDR S&P Software & Services ETF in the 4th quarter worth about $147,000. Finally, Belpointe Asset Management LLC bought a new position in SPDR S&P Software & Services ETF in the 4th quarter worth about $204,000.

SPDR S&P Software & Services ETF Stock Down 2.4 %

Shares of NYSEARCA XSW opened at $156.78 on Wednesday. SPDR S&P Software & Services ETF has a twelve month low of $117.11 and a twelve month high of $161.90. The firm has a market cap of $387.24 million, a PE ratio of 26.51 and a beta of 1.47. The business has a fifty day simple moving average of $153.79 and a two-hundred day simple moving average of $151.27.

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.