MinichMacGregor Wealth Management LLC Acquires New Position in SPDR S&P Telecom ETF $XTL

MinichMacGregor Wealth Management LLC acquired a new stake in SPDR S&P Telecom ETF (NYSEARCA:XTL) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 62,669 shares of the company’s stock, valued at approximately $11,786,000. SPDR S&P Telecom ETF accounts for 2.1% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 18th biggest holding.

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

SPDR S&P Telecom ETF Trading Down 1.4%

XTL opened at $215.38 on Thursday. The stock has a market cap of $747.37 million, a price-to-earnings ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 1 year low of $114.23 and a 1 year high of $247.62. The stock has a fifty day moving average price of $225.79 and a 200 day moving average price of $191.53.

SPDR S&P Telecom ETF Company 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.