SPDR S&P Telecom ETF (NYSEARCA:XTL) Hits New 1-Year High – What’s Next?

Shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $232.60 and last traded at $232.04, with a volume of 19376 shares traded. The stock had previously closed at $228.57.

SPDR S&P Telecom ETF Price Performance

The company’s 50-day simple moving average is $208.21 and its 200-day simple moving average is $176.92. The stock has a market capitalization of $808.79 million, a price-to-earnings ratio of 17.49 and a beta of 1.14.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in shares of SPDR S&P Telecom ETF by 119.2% in the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after buying an additional 230 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at approximately $80,000. International Assets Investment Management LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at approximately $131,000. Harbour Investments Inc. acquired a new stake in shares of SPDR S&P Telecom ETF in the fourth quarter valued at approximately $150,000. Finally, Larry Mathis Financial Planning LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the first quarter valued at approximately $215,000.

About SPDR S&P Telecom ETF

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.