SPDR S&P Telecom ETF (NYSEARCA:XTL) Reaches New 52-Week High – Still a Buy?

SPDR S&P Telecom ETF (NYSEARCA:XTL) hit a new 52-week high on Thursday . The stock traded as high as $208.99 and last traded at $208.50, with a volume of 9148 shares changing hands. The stock had previously closed at $200.63.

SPDR S&P Telecom ETF Stock Performance

The stock has a market capitalization of $498.50 million, a price-to-earnings ratio of 17.49 and a beta of 1.09. The company has a fifty day simple moving average of $183.47 and a two-hundred day simple moving average of $161.95.

Hedge Funds Weigh In On SPDR S&P Telecom ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XTL. Jones Financial Companies Lllp raised its holdings in SPDR S&P Telecom ETF by 119.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after acquiring an additional 230 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $80,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $131,000. Harbour Investments Inc. bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $150,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of SPDR S&P Telecom ETF in the 2nd quarter valued at $200,000.

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.