FSA Wealth Partners Inc. Buys New Position in SPDR S&P Telecom ETF $XTL

FSA Wealth Partners Inc. bought a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 6,558 shares of the company’s stock, valued at approximately $918,000.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the second quarter valued at approximately $97,000. Arkadios Wealth Advisors acquired a new position in SPDR S&P Telecom ETF during the third quarter worth $621,000. Cetera Investment Advisers grew its position in SPDR S&P Telecom ETF by 3.1% in the second quarter. Cetera Investment Advisers now owns 36,984 shares of the company’s stock valued at $4,339,000 after purchasing an additional 1,098 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in SPDR S&P Telecom ETF by 4.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 11,970 shares of the company’s stock valued at $1,404,000 after purchasing an additional 466 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in SPDR S&P Telecom ETF in the 3rd quarter valued at $484,000.

SPDR S&P Telecom ETF Price Performance

Shares of NYSEARCA:XTL opened at $165.61 on Friday. The company’s 50-day moving average price is $155.06 and its two-hundred day moving average price is $143.35. SPDR S&P Telecom ETF has a one year low of $84.68 and a one year high of $170.94. The stock has a market capitalization of $248.42 million, a PE ratio of 17.49 and a beta of 1.11.

SPDR S&P Telecom ETF Profile

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.