SPDR S&P Telecom ETF (NYSEARCA:XTL) Sets New 1-Year High – What’s Next?

SPDR S&P Telecom ETF (NYSEARCA:XTLGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $244.60 and last traded at $243.69, with a volume of 74238 shares traded. The stock had previously closed at $240.64.

SPDR S&P Telecom ETF Stock Performance

The company has a market capitalization of $845.60 million, a PE ratio of 17.49 and a beta of 1.14. The firm’s 50-day simple moving average is $212.28 and its 200 day simple moving average is $179.42.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Several institutional investors have recently made changes to their positions in XTL. CWM LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $33,959,000. Avior Wealth Management LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $501,000. Financial Management Professionals Inc. boosted its position in shares of SPDR S&P Telecom ETF by 196.4% in the 4th quarter. Financial Management Professionals Inc. now owns 10,246 shares of the company’s stock worth $1,570,000 after buying an additional 6,789 shares in the last quarter. FSA Wealth Partners Inc. purchased a new stake in shares of SPDR S&P Telecom ETF in the 3rd quarter worth about $918,000. Finally, RPS Advisory Solutions LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $601,000.

SPDR S&P Telecom ETF Company Profile

(Get Free Report)

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.

Further Reading

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