Liberty One Investment Management LLC Has $1.39 Million Holdings in SPDR S&P Telecom ETF $XTL

Liberty One Investment Management LLC cut its position in SPDR S&P Telecom ETF (NYSEARCA:XTL) by 14.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,828 shares of the company’s stock after selling 2,033 shares during the period. Liberty One Investment Management LLC owned 1.08% of SPDR S&P Telecom ETF worth $1,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XTL. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Telecom ETF in the second quarter valued at about $97,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of SPDR S&P Telecom ETF by 23.6% during the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,069 shares of the company’s stock worth $607,000 after purchasing an additional 1,158 shares in the last quarter. Fulcrum Equity Management lifted its position in shares of SPDR S&P Telecom ETF by 31.8% during the first quarter. Fulcrum Equity Management now owns 10,900 shares of the company’s stock worth $1,089,000 after purchasing an additional 2,628 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of SPDR S&P Telecom ETF by 9,344.3% during the first quarter. Jones Financial Companies Lllp now owns 20,872 shares of the company’s stock worth $2,086,000 after purchasing an additional 20,651 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of SPDR S&P Telecom ETF by 2.1% during the first quarter. Raymond James Financial Inc. now owns 32,680 shares of the company’s stock worth $3,266,000 after purchasing an additional 682 shares in the last quarter.

SPDR S&P Telecom ETF Trading Up 1.1%

Shares of XTL stock opened at $149.51 on Tuesday. SPDR S&P Telecom ETF has a 1 year low of $84.68 and a 1 year high of $154.42. The firm’s 50 day moving average is $138.58 and its 200-day moving average is $118.48. The firm has a market capitalization of $171.94 million, a price-to-earnings ratio of 17.49 and a beta of 1.01.

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.