SPDR S&P Telecom ETF $XTL Stock: Compass Financial Management LLC Reduces Holdings

Compass Financial Management LLC lowered its stake in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 70.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,442 shares of the company’s stock after selling 3,489 shares during the quarter. Compass Financial Management LLC owned 0.06% of SPDR S&P Telecom ETF worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Parkway Wealth Management Group LLC boosted its holdings in SPDR S&P Telecom ETF by 1.5% in the third quarter. Parkway Wealth Management Group LLC now owns 129,331 shares of the company’s stock valued at $26,253,000 after purchasing an additional 1,888 shares during the period. Bank of America Corp DE increased its holdings in SPDR S&P Telecom ETF by 6.5% during the 1st quarter. Bank of America Corp DE now owns 80,922 shares of the company’s stock worth $15,218,000 after purchasing an additional 4,960 shares during the period. MinichMacGregor Wealth Management LLC increased its holdings in SPDR S&P Telecom ETF by 3.2% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 80,468 shares of the company’s stock worth $16,334,000 after purchasing an additional 2,472 shares during the period. Hsbc Holdings PLC acquired a new stake in SPDR S&P Telecom ETF in the 1st quarter valued at about $4,628,000. Finally, Geneos Wealth Management Inc. acquired a new stake in SPDR S&P Telecom ETF in the 1st quarter valued at about $2,066,000.

SPDR S&P Telecom ETF Stock Performance

Shares of XTL traded up $5.84 during midday trading on Friday, hitting $175.47. The company had a trading volume of 34,320 shares, compared to its average volume of 69,781. The company’s 50-day simple moving average is $199.99 and its 200-day simple moving average is $204.46. The firm has a market capitalization of $424.64 million, a P/E ratio of 17.49 and a beta of 1.22. SPDR S&P Telecom ETF has a 1 year low of $131.25 and a 1 year high of $247.62.

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.