SPDR S&P Telecom ETF (NYSEARCA:XTL) Reaches New 12-Month High – Here’s Why

SPDR S&P Telecom ETF (NYSEARCA:XTLGet Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $225.13 and last traded at $225.13, with a volume of 96593 shares traded. The stock had previously closed at $214.30.

SPDR S&P Telecom ETF Price Performance

The firm’s 50-day moving average is $197.56 and its two-hundred day moving average is $169.77. The company has a market cap of $792.44 million, a P/E ratio of 17.49 and a beta of 1.14.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Large investors have recently bought and sold shares of the business. Arkadios Wealth Advisors bought a new stake in SPDR S&P Telecom ETF in the third quarter worth $621,000. Avior Wealth Management LLC bought a new stake in SPDR S&P Telecom ETF in the fourth quarter worth $501,000. CWM LLC bought a new stake in SPDR S&P Telecom ETF in the fourth quarter worth $33,959,000. FSA Wealth Partners Inc. bought a new stake in SPDR S&P Telecom ETF in the third quarter worth $918,000. Finally, Financial Management Professionals Inc. increased its position in SPDR S&P Telecom ETF by 196.4% in the fourth quarter. Financial Management Professionals Inc. now owns 10,246 shares of the company’s stock worth $1,570,000 after purchasing an additional 6,789 shares during the last quarter.

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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