Geneos Wealth Management Inc. Takes $2.07 Million Position in SPDR S&P Telecom ETF $XTL

Geneos Wealth Management Inc. bought a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) in the first quarter, HoldingsChannel.com reports. The firm bought 10,985 shares of the company’s stock, valued at approximately $2,066,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in SPDR S&P Telecom ETF during the 4th quarter worth about $80,000. International Assets Investment Management LLC purchased a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at about $131,000. Harbour Investments Inc. acquired a new position in shares of SPDR S&P Telecom ETF during the fourth quarter worth about $150,000. Envestnet Asset Management Inc. acquired a new position in shares of SPDR S&P Telecom ETF during the second quarter worth about $200,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of SPDR S&P Telecom ETF during the fourth quarter worth approximately $212,000.

SPDR S&P Telecom ETF Stock Performance

XTL stock opened at $208.52 on Friday. The company’s 50 day moving average price is $225.21 and its 200 day moving average price is $198.91. The firm has a market capitalization of $590.11 million, a price-to-earnings ratio of 17.49 and a beta of 1.15. SPDR S&P Telecom ETF has a fifty-two week low of $114.88 and a fifty-two week high of $247.62.

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.