SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) saw unusually-high trading volume on Friday . Approximately 220,949 shares changed hands during trading, an increase of 183% from the previous session’s volume of 77,996 shares.The stock last traded at $206.63 and had previously closed at $204.95.

SPDR S&P Telecom ETF Price Performance

The firm’s 50 day simple moving average is $221.44 and its two-hundred day simple moving average is $202.55. The firm has a market capitalization of $572.44 million, a P/E ratio of 17.49 and a beta of 1.15.

Institutional Trading of SPDR S&P Telecom ETF

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

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.