Steward Partners Investment Advisory LLC Increases Position in SPDR S&P Telecom ETF $XTL

Steward Partners Investment Advisory LLC lifted its holdings in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,970 shares of the company’s stock after buying an additional 466 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P Telecom ETF were worth $1,404,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in SPDR S&P Telecom ETF during the 2nd quarter worth approximately $97,000. Cetera Investment Advisers increased its holdings in shares of SPDR S&P Telecom ETF by 0.5% in the first quarter. Cetera Investment Advisers now owns 35,886 shares of the company’s stock valued at $3,587,000 after purchasing an additional 173 shares during the period. Jones Financial Companies Lllp raised its stake in shares of SPDR S&P Telecom ETF by 9,344.3% during the first quarter. Jones Financial Companies Lllp now owns 20,872 shares of the company’s stock worth $2,086,000 after purchasing an additional 20,651 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SPDR S&P Telecom ETF by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock worth $5,774,000 after purchasing an additional 2,771 shares during the period. Finally, LPL Financial LLC grew its position in SPDR S&P Telecom ETF by 8.5% in the 1st quarter. LPL Financial LLC now owns 105,544 shares of the company’s stock valued at $10,549,000 after buying an additional 8,293 shares during the last quarter.

SPDR S&P Telecom ETF Stock Performance

Shares of XTL opened at $146.41 on Monday. The stock has a market capitalization of $190.33 million, a P/E ratio of 17.49 and a beta of 1.11. SPDR S&P Telecom ETF has a 1 year low of $84.68 and a 1 year high of $155.91. The company’s fifty day moving average is $145.75 and its two-hundred day moving average is $128.98.

About SPDR S&P Telecom ETF

The SPDR S&P Telecom ETF (XTL) is an exchange-traded fund that is based on the S&P Telecom Select Industry index. The fund tracks an equal-weighted index of US telecom companies selected by the S&P Committee. XTL was launched on Jan 26, 2011 and is managed by State Street.