Compass Financial Management LLC Makes New $1.12 Million Investment in SPDR S&P Telecom ETF $XTL

Compass Financial Management LLC purchased a new position in shares of SPDR S&P Telecom ETF (NYSEARCA:XTL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,931 shares of the company’s stock, valued at approximately $1,121,000. Compass Financial Management LLC owned approximately 0.18% of SPDR S&P Telecom ETF as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in XTL. Kestra Advisory Services LLC acquired a new stake in SPDR S&P Telecom ETF in the 4th quarter worth approximately $80,000. International Assets Investment Management LLC bought a new stake in SPDR S&P Telecom ETF during the fourth quarter worth approximately $131,000. Harbour Investments Inc. bought a new stake in SPDR S&P Telecom ETF during the fourth quarter worth approximately $150,000. Larry Mathis Financial Planning LLC acquired a new position in SPDR S&P Telecom ETF during the first quarter valued at approximately $215,000. Finally, Independent Financial Group LLC acquired a new position in SPDR S&P Telecom ETF during the first quarter valued at approximately $234,000.

SPDR S&P Telecom ETF Price Performance

NYSEARCA:XTL opened at $212.66 on Monday. The company’s 50 day moving average is $215.99 and its 200-day moving average is $208.55. SPDR S&P Telecom ETF has a 12 month low of $127.47 and a 12 month high of $247.62. The firm has a market cap of $578.44 million, a price-to-earnings ratio of 17.49 and a beta of 1.16.

SPDR S&P Telecom ETF 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.