Roman Butler Fullerton & Co. Lowers Stake in SPDR S&P Telecom ETF $XTL

Roman Butler Fullerton & Co. lowered its holdings in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) by 52.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,230 shares of the company’s stock after selling 2,415 shares during the period. Roman Butler Fullerton & Co. owned approximately 0.06% of SPDR S&P Telecom ETF worth $461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC purchased a new position in shares of SPDR S&P Telecom ETF during the fourth quarter valued at approximately $33,959,000. Bank of America Corp DE boosted its position in shares of SPDR S&P Telecom ETF by 48.8% in the 3rd quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock worth $9,067,000 after purchasing an additional 21,242 shares in the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the 1st quarter worth approximately $11,786,000. Castleark Management LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the 3rd quarter worth approximately $8,359,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of SPDR S&P Telecom ETF by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock worth $5,774,000 after buying an additional 2,771 shares during the last quarter.

SPDR S&P Telecom ETF Price Performance

XTL stock traded down $0.20 on Friday, reaching $220.52. 24,053 shares of the company traded hands, compared to its average volume of 82,307. The firm has a fifty day simple moving average of $226.43 and a 200-day simple moving average of $196.92. The company has a market cap of $661.56 million, a P/E ratio of 17.49 and a beta of 1.15. SPDR S&P Telecom ETF has a one year low of $114.88 and a one 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.