SPDR S&P Telecom ETF (NYSEARCA:XTL) Sets New 12-Month High – Time to Buy?

SPDR S&P Telecom ETF (NYSEARCA:XTLGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $232.86 and last traded at $232.86, with a volume of 391 shares. The stock had previously closed at $224.07.

SPDR S&P Telecom ETF Stock Performance

The firm has a market capitalization of $787.38 million, a P/E ratio of 17.49 and a beta of 1.14. The company has a 50-day moving average price of $202.96 and a 200-day moving average price of $173.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in SPDR S&P Telecom ETF by 119.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after buying an additional 230 shares during the period. Kestra Advisory Services LLC acquired a new stake in SPDR S&P Telecom ETF during the 4th quarter worth $80,000. International Assets Investment Management LLC acquired a new stake in SPDR S&P Telecom ETF during the 4th quarter worth $131,000. Harbour Investments Inc. acquired a new stake in SPDR S&P Telecom ETF during the 4th quarter worth $150,000. Finally, Envestnet Asset Management Inc. acquired a new stake in SPDR S&P Telecom ETF during the 2nd quarter worth $200,000.

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.

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